secwatch.observer — SEC 8-K summary
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Issuer:     Sprouts Farmers Market, Inc. (SFM)
CIK:        0001575515
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0000950170-22-007385
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sprouts Q1 EPS $0.79 beats prior year; sales +4% to $1.6B; FY guidance at low end
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- Net sales $1.6B (+4% YoY); comp store sales +1.6%; diluted EPS $0.79 vs $0.70 in Q1 2021.
- Opened 6 new stores, closed 1; total 379 stores in 23 states as of April 3, 2022.
- Cash from ops $153M; $324M cash; new $600M buyback authorized; new $700M credit facility with ESG-linked pricing.
- FY outlook: sales growth, comp growth, EPS now at low end of prior range; Q2 EPS $0.49-$0.53; flat comps.
- Management notes inflation pressure; customers buying fewer items; cautious outlook for rest of year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575515/000095017022007385/0000950170-22-007385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575515/000095017022007385/sfm-20220504.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-007385

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