secwatch / observer

Sprouts Farmers Market, Inc. — fact timeline

Source-grounded facts extracted from Sprouts Farmers Market, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

SFM Sprouts Farmers Market, Inc. JSON
Shareholder Votes

Sprouts Farmers Market, Inc. shareholders approved Ratification of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 3, 2027. at the 2026-05-20 meeting.

“Proposal 4 : Ratification of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the Company’s 2026 fiscal year. This proposal was approved. For Against Abstain Broker Non-Votes 82,292,032 1,549,962 73,717 —”
Shareholder Votes

Sprouts Farmers Market, Inc. shareholders approved Advisory vote on the frequency of future votes on executive compensation. The say-on-frequency option that received the majority of votes cast was “one year”. at the 2026-05-20 meeting.

“Proposal 3 : Advisory vote on the frequency of future votes on executive compensation. The say-on-frequency option that received the majority of votes cast was “one year”. One Year Two Years Three Years Abstain 74,207,691 24,847 2,480,289 158,960”
Shareholder Votes

Sprouts Farmers Market, Inc. shareholders approved Advisory vote on the compensation paid to the Company’s named executive officers for fiscal 2025. at the 2026-05-20 meeting.

“Proposal 2 : Advisory vote on the compensation paid to the Company’s named executive officers for fiscal 2025. This proposal was approved. For Against Abstain Broker Non-Votes 72,173,806 4,547,676 150,305 7,043,924”
Shareholder Votes

Sprouts Farmers Market, Inc. shareholders approved Election of the two Class I directors listed below to serve for a one-year term expiring at the Company’s 2027 annual meeting of stockholders. at the 2026-05-20 meeting.

“Proposal 1 : Election of the two Class I directors listed below to serve for a one-year term expiring at the Company’s 2027 annual meeting of stockholders. Each director nominee was duly elected. Nominee For Withheld Broker Non-Votes Joel D. Anderson 75,150,044 1,721,743 7,043,924 Terri Funk Graham 72,609,684 4,262,103 7,043,924”

Doug Rauch retired as Director at Sprouts Farmers Market, Inc..

“On May 19, 2026, the Company issued a press release announcing Mr. Jhawar’s appointment to and Doug Rauch’s retirement from the Board.”

Andrew Jhawar was appointed as Class III Director at Sprouts Farmers Market, Inc..

“On May 19, 2026, Sprouts Farmers Market, Inc. (the “Company”) announced the appointment of Andrew Jhawar to its Board of Directors (the “Board”) as a Class III director with a term expiring at the Company’s 2028 annual meeting of stockholders.”
Earnings Releases

Sprouts Farmers Market, Inc. reported financial results for its first fiscal quarter ended March 29, 2026.

“On April 29, 2026, Sprouts Farmers Market, Inc. (the “Company”) issued a press release announcing its results of operations for its first fiscal quarter ended March 29, 2026.”
Debt Financings

Sprouts Farmers Market, Inc. incurred revolving credit of $600 million with JPMorgan Chase Bank, N.A., as administrative agent, an issuing bank and swingline lender at Term SOFR (with a floor of 0.00%) plus 1.00% per annum or alternate base rate (w maturing July 25, 2030.

“The Credit Agreement provides for a senior secured revolving credit facility (the “Revolving Credit Facility”) with an initial aggregate commitment of $600 million, which may be increased from time to time pursuant to the terms set forth in the Credit Agreement.”
Governance Changes

Sprouts Farmers Market, Inc.: Conforming amendments to Bylaws to provide that directors may be removed with or without cause, effective upon approval of the Declassification Amendment (effective 2025-05-21).

“in connection with the Declassification Amendment, the Board previously approved conforming amendments to the Company’s Second Amended and Restated Bylaws (as amended, the “Third Amended and Restated Bylaws”) to provide that directors may be removed with or without cause, which became effective upon the approval of the Declassification Amendment at the Annual Meeting.”
Governance Changes

Sprouts Farmers Market, Inc.: Declassified the Board of Directors in phases, providing for annual election of the entire Board by 2028 and allowing removal with or without cause after transition (effective 2025-05-23).

“On May 21, 2025, Sprouts Farmers Market, Inc. (the “Company”) held its annual meeting of stockholders (“Annual Meeting”), at which the stockholders voted in favor of an amendment to the Company’s Certificate of Incorporation (the “Certificate of Incorporation”) to declassify the Company’s board of directors (the “Board”) in phases and provide for the annual election of the entire Board for one-year terms, such that the Board will be fully declassified by the 2028 annual meeting of stockholders (the “Declassification Amendment”).”
Earnings Releases

Sprouts Farmers Market, Inc. reported financial results for its first fiscal quarter ended March 31, 2024.

“On May 1, 2024, Sprouts Farmers Market, Inc. (the “Company”) issued a press release announcing its results of operations for its first fiscal quarter ended March 31, 2024.”
Earnings Releases

Sprouts Farmers Market, Inc. reported fiscal year ended December 31, 2023 results: revenue $6.8 billion, EPS $2.50.

“Full Year 2023 Highlights: • Net sales totaled $6.8 billion; a 7% increase from 2022 • Comparable store sales growth of 3.4% • Diluted earnings per share of $2.50; Adjusted diluted earnings per share of $2.84 (1) ; compared to diluted earnings per share of $2.39 in 2022 • Opened 30 new stores, acquired 2 previously licensed stores, and closed 11 stores, resulting in 407 stores in 23 states as of December 31, 2023”
Earnings Releases

Sprouts Farmers Market, Inc. reported fourth quarter ended December 31, 2023 results: revenue $1.7 billion, EPS $0.49.

“Fourth Quarter Highlights: • Net sales totaled $1.7 billion; an 8% increase from the same period in 2022 • Comparable store sales growth of 3.3% • Diluted earnings per share of $0.49; compared to diluted earnings per share of $0.42 in the same period in 2022 • Opened 6 new stores”

Lawrence (Chip) Molloy departed as Chief Financial Officer at Sprouts Farmers Market, Inc..

“Mr. Valentine will succeed Lawrence (“Chip”) Molloy, who previously announced his intention to retire as the Company’s Chief Financial Officer on or about December 31, 2023.”

Curtis Valentine was appointed as Chief Financial Officer at Sprouts Farmers Market, Inc..

“On October 31, 2023, Sprouts Farmers Market, Inc. (the “Company”) appointed Curtis Valentine as Chief Financial Officer, effective January 1, 2024.”
Earnings Releases

Sprouts Farmers Market, Inc. reported third fiscal quarter ended October 1, 2023 results: revenue $1.7 billion, EPS $0.64.

“31,000 team members across merchandising, marketing, supply chain, and operational initiatives-- propelling our strategy forward." Third Quarter Highlights: • Net sales totaled $1.7 billion; a 7.6% increase from the same period in 2022 • Comparable store sales growth of 3.9% • Diluted earnings per share of $0.64; Adjusted diluted earnings per share of $0.65 (1) ;”

Chip Molloy departed as Chief Financial Officer at Sprouts Farmers Market, Inc..

“On August 1, 2023, Lawrence (“Chip”) P. Molloy, Chief Financial Officer (principal financial officer) of Sprouts Farmers Market, Inc. (the “Company”), notified the Company that he intends to retire from the Company effective on or about December 31, 2023.”
Earnings Releases

Sprouts Farmers Market, Inc. reported second quarter ended July 2, 2023 results: revenue $1.7 billion, EPS $0.65.

“Net sales totaled $1.7 billion; a 6% increase from the same period in 2022 • Comparable store sales growth of 3.2% • Diluted earnings per share of $0.65”
Shareholder Votes

Sprouts Farmers Market, Inc. shareholders approved Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-05-24 meeting.

“Proposal 3 : Ratification of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the Company’s 2023 fiscal year. This proposal was approved.”
Shareholder Votes

Sprouts Farmers Market, Inc. shareholders approved Advisory vote on the compensation paid to the Company’s named executive officers for fiscal 2022 at the 2023-05-24 meeting.

“Proposal 2 : Advisory vote on the compensation paid to the Company’s named executive officers for fiscal 2022. This proposal was approved.”
Shareholder Votes

Sprouts Farmers Market, Inc. shareholders approved Election of three Class I directors to serve until 2026 annual meeting at the 2023-05-24 meeting.

“Proposal 1 : Election of the three Class I directors listed below to serve for a three-year term expiring at the Company’s 2026 annual meeting of stockholders. Each director nominee was duly elected.”
Earnings Releases

Sprouts Farmers Market, Inc. reported first quarter ended April 2, 2023 results: revenue $1.7 billion, EPS $0.73.

“Net sales totaled $1.7 billion; a 6% increase from the same period in 2022 • Comparable store sales growth of 3.1% • Diluted earnings per share of $0.73; Adjusted diluted earnings per share of $0.98”
Earnings Releases

Sprouts Farmers Market, Inc. reported Full Year 2023 results: revenue 4% to 6%, EPS $2.41 to $2.53. Guidance initiated.

“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”
Earnings Releases

Sprouts Farmers Market, Inc. reported the 52-week year ending January 1, 2023 results: revenue $6.4 billion, EPS $2.39.

“• 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”
Earnings Releases

Sprouts Farmers Market, Inc. reported the 13-week fourth quarter ending January 1, 2023 results: revenue $1.6 billion, EPS $0.42.

“• 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”
Earnings Releases

Sprouts Farmers Market, Inc. reported third fiscal quarter ended October 2, 2022 results: revenue $1.6 billion, EPS $0.61. Guidance raised.

“Net sales totaled $1.6 billion; a 5% increase from the same period in 2021”

Gil Phipps was terminated as Senior Vice President, Chief Marketing Officer at Sprouts Farmers Market, Inc..

“On May 25, 2022, the Company entered into a letter agreement with Mr. Phipps providing for the termination of his employment with the Company effective May 31, 2022.”

Hari Avula was appointed as Class II Director at Sprouts Farmers Market, Inc..

“On May 24, 2022, Sprouts Farmers Market, Inc. (the “Company”) announced the appointment of Hari Avula to its Board of Directors as a Class II director with a term expiring at the Company’s 2024 annual meeting of stockholders.”

Gil Phipps changed role as Senior Marketing Advisor at Sprouts Farmers Market, Inc..

“Mr. Phipps will transition from his role as the Company’s Senior Vice President - Chief Marketing Officer to the role of Senior Marketing Advisor through May 31, 2022.”

Nicholas Konat was appointed as President and Chief Operating Officer at Sprouts Farmers Market, Inc..

“On February 24, 2022, Sprouts Farmers Market, Inc. (the “Company”) announced the appointment of Nicholas Konat as its President and Chief Operating Officer, effective March 21, 2022.”

Lawrence 'Chip' Molloy was appointed as Chief Financial Officer at Sprouts Farmers Market, Inc..

“The Company’s Board of Directors has appointed Lawrence “Chip” Molloy as Chief Financial Officer to serve as the Company’s principal financial officer subsequent to Ms. Paulonis’s departure, effective on September 25, 2021.”

Denise Paulonis departed as Chief Financial Officer at Sprouts Farmers Market, Inc..

“On August 26, 2021, Denise Paulonis, Chief Financial Officer of Sprouts Farmers Market, Inc. (the “Company”), informed the Company that she would be departing the Company on September 24, 2021 to assume the role of Chief Executive Officer of a publicly traded retailer.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.