10/28/2026

speaker
Conference Operator
Operator

Good day and thank you for standing by. Welcome to Sprouts Farmers Market third quarter 2026 earnings conference call. At this time, all participants on a listen-only mode. After the speaker's presentation, there will be a question and answer session. If you would like to ask a question, you can press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To restore your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker for today, Susannah Livingston.

speaker
Susannah Livingston
Investor Relations

Please go ahead. Thank you and good afternoon, everyone. We are pleased you are joining Sprouts on our third quarter 2026 earnings call. Nick Konat, President, Chief Operating Officer and incoming Chief Executive Officer, Curtis Valentine, Chief Financial Officer, and Jack Sinclair, outgoing chief executive officer, are with me today. The earnings release announcing our third quarter, 2026 results, the webcast of this call and financial slides can be accessed through the investor relations section of our website at investors.sprouts.com. During this call, management may make certain forward-looking statements, including statements regarding our expectations for 2026 and beyond. These statements involve double risks and uncertainties that could cause results to differ materially from those described in the forward-looking statement. For more information, please refer to the risk factors discussed in our SEC filing and the commentary on forward-looking statements at the end of our earnings release. Our remarks today include references to non-GAAP financial measures. Please see the tables in our earnings release for a reconciliation of our non-GAAP financial measures to the comparable GAAP figures. With that, let me hand it over to Jack.

speaker
Jack Sinclair / Robert Ohmes
Executive Chairman, Sprouts Farmers Market / Analyst, Bank of America

Thanks, Susannah. Good afternoon, everyone. Before we get into the quarter and an update in our business, I am looking forward to working with Sprouts in a different capacity as executive chairman. It has been the opportunity of a lifetime to be the CEO of Sprouts. We have grown the business, strengthened our competitive position and built a more resilient organization. I'm especially proud of the culture behind that progress. and the thousands of team members who bring our purpose to life every day. I feel very good about entrusting Sprout's next chapter to Nick. He knows our company, our customers and our opportunities well. The board and I have great confidence in him, the broader leadership team and the long-term potential of Sprout's. We recognize that our recent performance needs to improve. While the consumer environment and the cyclospora disruption affected the quarter, We also have work to do to strengthen our execution and customer proposition. In a few moments, Nick will outline the actions we are taking and the investments needed to support stronger performance. For now, I will turn it over to Curtis, who will discuss results and our updated outlook. Curtis.

Disclaimer

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Investor presentation