Strong Sales Growth
Sales increased by 19%, supported by a comparable store sales increase of 11.7%. Total sales for the quarter were $2.2 billion, up $353 million compared to the same period last year.
Earnings Per Share Surge
Diluted earnings per share reached $1.81, reflecting a 62% increase compared to the same period last year.
E-commerce Expansion
E-commerce sales grew approximately 28%, representing 15% of total sales for the quarter.
Gross Margin Improvement
Gross margin was 39.6%, an increase of 129 basis points compared to the same period last year.
Loyalty Program Launch
Sprouts launched a new loyalty program, which is expected to enhance customer engagement and sales.
Cash Flow and Share Repurchase
Generated $299 million in operating cash flow and returned $219 million to shareholders through share repurchases.