---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-005722"
form_type: "8-K"
ticker: "SFM"
cik: "0001575515"
company_name: "Sprouts Farmers Market, Inc."
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T15:10:46.074905+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sprouts Q4 EPS $0.42 beats prior year $0.32; FY2023 guidance sees 4-6% sales growth

## Summary
- Q4 net sales $1.6B (+6% YoY); comparable store sales +2.9%; diluted EPS $0.42 vs $0.32.
- FY2022 net sales $6.4B (+5%); comparable store sales +2.2%; diluted EPS $2.39 vs $2.10.
- FY2023 outlook: net sales growth 4-6%, adjusted diluted EPS $2.41-$2.53, 30 new stores, 11 store closures.
- Q1 2023 outlook: comparable store sales +1.5-2.5%, adjusted diluted EPS $0.83-$0.87.
- Ended 2022 with $293M cash, $250M drawn on $700M revolver; repurchased 6.9M shares for $200M.

## SEC filing metadata
- accession: 0000950170-23-005722
- form_type: 8-K
- ticker: SFM
- cik: 0001575515
- company_name: Sprouts Farmers Market, Inc.
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575515/000095017023005722/0000950170-23-005722-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575515/000095017023005722/sfm-20230302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-005722
- JSON: https://secwatch.observer/filing/0000950170-23-005722.json
- Plain text: https://secwatch.observer/filing/0000950170-23-005722.txt

## Key facts
- Earnings Releases
  Sprouts Farmers Market, Inc. reported the 13-week fourth quarter ending January 1, 2023 results: revenue $1.6 billion, EPS $0.42.
  - Period: the 13-week fourth quarter ending January 1, 2023
  - Revenue: $1.6 billion
  - EPS: $0.42
  - Result: reported results
  source text: • Net sales totaled $1.6 billion; a 6% increase from the same period in 2021 • Comparable store sales growth of 2.9% • Diluted earnings per share of $0.42; compared to diluted earnings per share of $0.32 in the same period in 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575515/000095017023005722/0000950170-23-005722-index.htm
- Earnings Releases
  Sprouts Farmers Market, Inc. reported the 52-week year ending January 1, 2023 results: revenue $6.4 billion, EPS $2.39.
  - Period: the 52-week year ending January 1, 2023
  - Revenue: $6.4 billion
  - EPS: $2.39
  - Result: reported results
  source text: • Net sales totaled $6.4 billion; a 5% increase from 2021 • Comparable store sales growth of 2.2% • Diluted earnings per share of $2.39; compared to diluted earnings per share of $2.10 in 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575515/000095017023005722/0000950170-23-005722-index.htm
- Earnings Releases
  Sprouts Farmers Market, Inc. reported Full Year 2023 results: revenue 4% to 6%, EPS $2.41 to $2.53. Guidance initiated.
  - Period: Full Year 2023
  - Revenue: 4% to 6%
  - EPS: $2.41 to $2.53
  - Guidance: initiated
  - Result: guidance update
  source text: The following provides information on our full-year 2023 outlook: • Net sales growth: 4% to 6% • Comparable store sales growth: low single digits • Adjusted EBIT: $355M to $370M • Effective Tax rate: approximately 26% • Adjusted diluted earnings per share: $2.41 to $2.53
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575515/000095017023005722/0000950170-23-005722-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.