Sprouts Farmers Market Inc 2025年度报告

ANNUAL REPORT TO OUR SHAREHOLDERS, 2025 was another outstanding year for Sprouts Farmers Market—one that reflects the strength of our strategy andthe dedication of our team. We delivered robust financial performance across all key metrics during the year. Comparable sales rose bymore than 7%, total sales grew over 14%, and earnings per share increased more than 40% year over year. Theseresults were driven by solid execution across our organization, even as the consumer environment became morechallenging. Our growth was broad-based across geographies and categories. New stores once again exceeded ourexpectations, validating our expansion strategy and reinforcing our confidence in the locations we’re selecting. Atthe same time, our differentiated, attribute-driven products that define who we are continued to resonate with ourcore customers, reinforcing the durability of our model. Innovation remains a real strength, and we know this is an area where we must keep raising the bar. Our foragingand innovation efforts led to the introduction of more than 7,000 new items in 2025. Our rollout of meat self-distribution was successful, improving quality, efficiency, and control across the supply chain. Customer engagement moved forward. In 2025, we successfully launched our loyalty program, which saw rapidadoption. We will continue to invest in our personalization capabilities to increase the effectiveness of the programand support our customers’ healthy living journeys. As customer interest in health and wellness accelerates acrossthe industry, we will reinforce our leadership position in this important and growing category by deepeningengagement, broadening customer insights, sharpening our offerings, and consistently delivering the experienceour customers expect. While we’re proud of what we accomplished in 2025, we remain clear-sighted about the work ahead. The long-termtailwinds from health and wellness continue to build, however consumers are prioritizing value and making moredeliberate choices in the current environment. We have built a solid foundation that positions us well to addressnear-term realities and capitalize on long-term opportunities. As I said on our year-end earnings call, we’ll doubledown on our unique strengths that make customers say, “I love Sprouts!” and continue to invest in the systems,infrastructure, people, and capabilities that will enable us to sustain growth for many years to come. None of this would be possible without our incredible team. I want to sincerely thank our 36,000 team membersfor their hard work, commitment, and passion—they are the driving force behind our success. Their willingness topush forward, even when challenges arise, makes progress possible. I also want to thank our shareholders for yourcontinued confidence and support. We do not take that trust for granted. We remain focused on executing our strategy,serving our customers, and creating long-termvalue as we continue to fulfill our purpose ofhelping people live and eat better. We areenergized about the opportunities ahead andconfident in our ability to deliver. Thank you for being part of our journey. • Elevated e-commerce sales to over 15% ofsales and our ability to seamlessly integrateour digital and in-store experience• Grew our Sprouts Brand to over 25% of ourtotal sales, demonstrating the popularity ofthese differentiated products• Donated the equivalent of 30 million mealsto those in need through our Food Rescueprogram• Returned $472 million to shareholdersthrough our ongoing share buyback program,contributing to our diluted earnings per shareof $5.31, an increase of 42% from 2024 2025 HIGHLIGHTS • Achieved annual sales of $8.8 billion, a14% increase from 2024, bolstered by 7.3%comparable store sales growth• Opened 37 new stores from sea to shining sea,resulting in 477 stores in 24 states as of 2025year-end• Created approximately 3,700 new jobsthrough our new store openings and promoted6,000 our team members UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 10-K xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the fiscal year ended December 28, 2025OR oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 5455 East High Street, Suite 111Phoenix, Arizona 85054(Address of principal executive offices and zip code) (480) 814-8016(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Nasdaq Global Select Market Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.YesxNooIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.YesoNoxIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 1