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Sprouts Farmers Market, Inc. (SFM) The 38th Annual Roth Conference March 24, 2026 11:30 AM EDT
Company Participants
Jack Sinclair – CEO & Director
Curtis Valentine – Chief Financial Officer
Conference Call Participants
William Kirk – ROTH Capital Partners, LLC, Research Division
Presentation
William Kirk
ROTH Capital Partners, LLC, Research Division
All right, everybody. Good morning. I am Bill Kirk, ROTH’s Food Retail Distribution and beverages analyst. You’re here in the consumer track. This is the blue room, where we’re about to hear from Sprouts Farmers Market and CEO, Jack Sinclair and CFO, Curtis Valentine. Thank you both for being here with us. Sprouts is obviously a leading specialty food retailer. And for the last few years, have not only posted best margins in the industry, but years of the best comparable store sales and unit expansion growth. So thank you guys for being here.
Question-and-Answer Session
William Kirk
ROTH Capital Partners, LLC, Research Division
I want to start right there with a sort of philosophical question about food retail. Does the competitive landscape in food retail allow for someone to sustainably have the best margins and the best growth at the same time?
Jack Sinclair
CEO & Director
Yes. We’re feeling — we’ve carved a niche in the marketplace, and that niche is what’s protected us from some of the broader context of the grocery market. The fact that we’re focusing in on health enthusiast customers. And there’s a trend towards that and maybe talk about that later a little bit about how the MAHA world is accelerating the whole health trends. So we think there’s a lot of positive trends behind what we do. And the question you asked, Bill, around how sustainable is our margins.
Our margin structures are very — is sustainable because of the assortment differentiation that
