Sprouts Farmers Market Q1 2024 10-Q Filed

Ticker: SFM · Form: 10-Q · Filed: 2024-05-01T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, retail

TL;DR

Sprouts 10-Q filed: Q1 2024 financials out, showing balance sheet changes.

AI Summary

Sprouts Farmers Market, Inc. filed its 10-Q for the period ending March 31, 2024. The company reported financial results for the first quarter of 2024, detailing changes in its balance sheet and income statement compared to previous periods. Specific figures for common stock, additional paid-in capital, and retained earnings were updated as of March 31, 2024.

Why It Matters

This filing provides investors with the latest financial performance and position of Sprouts Farmers Market, Inc., crucial for understanding the company's health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

Key Players & Entities

FAQ

What were Sprouts Farmers Market's total assets as of March 31, 2024?

The filing does not explicitly state total assets for March 31, 2024, but provides details on components like common stock, additional paid-in capital, and retained earnings.

What was the net income for Sprouts Farmers Market in the first quarter of 2024?

The provided text is an excerpt from the 10-Q header and does not contain specific net income figures for the first quarter of 2024.

Did Sprouts Farmers Market issue any new stock during the first quarter of 2024?

The filing indicates updates to 'CommonStockMember' and 'AdditionalPaidInCapitalMember' for the period January 1, 2024, to March 31, 2024, suggesting potential stock activity.

What is Sprouts Farmers Market's fiscal year end?

Sprouts Farmers Market's fiscal year ends on December 29.

What is the company's primary business as indicated in the filing?

The company's Standard Industrial Classification is 'RETAIL-GROCERY STORES [5411]'.

From the Filing

0001575515-24-000095.txt : 20240501 0001575515-24-000095.hdr.sgml : 20240501 20240501161101 ACCESSION NUMBER: 0001575515-24-000095 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 73 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240501 DATE AS OF CHANGE: 20240501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sprouts Farmers Market, Inc. CENTRAL INDEX KEY: 0001575515 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 320331600 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-36029 FILM NUMBER: 24903097 BUSINESS ADDRESS: STREET 1: 5455 E. HIGH ST. STREET 2: SUITE 111 CITY: PHOENIX STATE: AZ ZIP: 85054 BUSINESS PHONE: 480-814-8016 MAIL ADDRESS: STREET 1: 5455 E. HIGH ST. STREET 2: SUITE 111 CITY: PHOENIX STATE: AZ ZIP: 85054 FORMER COMPANY: FORMER CONFORMED NAME: Sprouts Farmers Markets, LLC DATE OF NAME CHANGE: 20130426 10-Q 1 sfm-20240331.htm 10-Q sfm-20240331 false 2024 Q1 0001575515 12/29 P2Y 274 181 0001575515 2024-01-01 2024-03-31 0001575515 2024-04-29 xbrli:shares 0001575515 2024-03-31 iso4217:USD 0001575515 2023-12-31 iso4217:USD xbrli:shares 0001575515 2023-01-02 2023-04-02 0001575515 us-gaap:CommonStockMember 2023-12-31 0001575515 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001575515 us-gaap:RetainedEarningsMember 2023-12-31 0001575515 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001575515 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001575515 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001575515 us-gaap:CommonStockMember 2024-03-31 0001575515 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001575515 us-gaap:RetainedEarningsMember 2024-03-31 0001575515 us-gaap:CommonStockMember 2023-01-01 0001575515 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 0001575515 us-gaap:RetainedEarningsMember 2023-01-01 0001575515 2023-01-01 0001575515 us-gaap:RetainedEarningsMember 2023-01-02 2023-04-02 0001575515 us-gaap:CommonStockMember 2023-01-02 2023-04-02 0001575515 us-gaap:AdditionalPaidInCapitalMember 2023-01-02 2023-04-02 0001575515 us-gaap:CommonStockMember 2023-04-02 0001575515 us-gaap:AdditionalPaidInCapitalMember 2023-04-02 0001575515 us-gaap:RetainedEarningsMember 2023-04-02 0001575515 2023-04-02 sfm:Store sfm:State 0001575515 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember 2024-03-31 0001575515 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember 2023-12-31 0001575515 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2024-03-31 0001575515 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001575515 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2024-03-31 0001575515 us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001575515 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2023-12-31 0001575515 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001575515 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2023-12-31 0001575515 us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001575515 us-gaap:SeniorLienMember us-gaap:SecuredDebtMember us-gaap:LineOfCreditMember 2024-03-31 0001575515 us-gaap:SeniorLienMember us-gaap:SecuredDebtMember us-gaap:LineOfCreditMember 2023-12-31 0001575515 us-gaap:SeniorLienMember sfm:AmendedAndRestatedCreditAgreementMember us-gaap:SecuredDebtMember us-gaap:LineOfCreditMember 2022-03-25 0001575515 us-gaap:SeniorLienMember us-gaap:SecuredDebtMember sfm:FormerRevolvingCreditFacilityMember 2018-03-27 0001575515 us-gaap:SeniorLienMember sfm:AmendedAndRestatedCreditAgreementMember us-gaap:SecuredDebtMember us-gaap:LineOfCreditMember 2022-03-25 2022-03-25 0001575515 us-gaap:SeniorLienMember sfm:AmendedAndRestatedCreditAgreementMember us-gaap:SecuredDebtMember 2022-03-25 0001575515 us-gaap:SeniorLien

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