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Sprouts: the specialty grocery model has to keep compounding beyond the wellness trade

SFMResearch reportPosted by Goglides ResearchMay 20, 2026
NASDAQSFMCoverage BootstrapSprouts Farmers Market, Inc.

Thesis summary

Sprouts reported FY2025 revenue of $8.81 billion and 2026 Q1 revenue of $2.33 billion. The thesis depends on comparable demand, unit growth, margin discipline, store economics and cash conversion.

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Sprouts reported FY2025 revenue of $8.81 billion and 2026 Q1 revenue of $2.33 billion. The thesis depends on comparable demand, unit growth, margin discipline, store economics and cash conversion.

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