Pre-earnings brief
Reports
Wed, Oct 28, 2026
Est. EPS
—
Est. revenue
—
Implied move
±13.4%
EPS beat rate
100%
Sprouts Farmers Market, Inc. (SFM) operates a chain of grocery stores that focus on fresh, natural, and organic foods. As a player in the consumer staples sector, it caters to the growing demand for healthier food options, which is increasingly important to consumers today.
Last quarter
In Q2 2026, Sprouts reported an EPS of $1.37, slightly beating expectations. The stock reacted positively, gaining 1.79% the next day.
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+8.33%
Avg 1-day reaction
-0.47%
Overall, investors are cautiously optimistic about Sprouts' upcoming earnings, especially given its consistent EPS beats in recent quarters.
Bull case
If Sprouts continues its trend of beating EPS estimates, it could signal strong operational performance and increased consumer demand, leading to a positive stock reaction.
Bear case
Conversely, if the company fails to meet expectations or shows signs of declining same-store sales, it could lead to a negative market reaction.
The print will turn on these.
Q1
What will be the reported same-store sales growth for Q3-2026?
This metric is crucial for assessing ongoing consumer demand and operational efficiency, which can significantly impact investor sentiment.
Q2
How will gross margins be affected by rising food costs?
Understanding the impact of food costs on gross margins will provide insight into the company's pricing power and cost management strategies.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±10.3%
Why consensus could be wrong
The Street may underestimate the impact of Sprouts' focus on organic and fresh products, which could drive stronger sales growth than anticipated.
Supporting evidence
Sprouts has consistently beaten EPS estimates, indicating strong operational execution.
The options market is pricing in a significant move, suggesting traders expect volatility that may not align with consensus expectations.
Key risk
If same-store sales growth exceeds 5%, it could challenge the current cautious outlook.
Pre-commit to what would confirm each case.
This quarter's performance will hinge on how well Sprouts can manage costs while maintaining sales growth amid a competitive landscape.
Bull confirmed if
A same-store sales growth of over 5% would confirm strong consumer demand and operational efficiency.
Bear confirmed if
A decline in gross margin below 30% would indicate significant cost pressures and could raise concerns about profitability.
What the market is pricing for the move.
Implied Move
±10.25%
Historical Avg
±1.3%
The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.
Options are pricing ±13.4% while SFM has averaged ±1.3% over the last 8 prints — setup is pricing rich.
ATM IV
0.5%
30d HV
42.3%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$1.4M
21,576 sh
1 insider
Net
$1.4M
Net selling
Most Active Insiders· 2 open-market trades
$1.4M
Net selling
Smart-money positioning from the most recent 13F filings.
Institutional
114.28%
of float
Insider
0.56%
of float
Holders
867
institutions
Top Holders· as of Jun 2026
FMR, LLC
14,104,672 sh · $920.5M
15.13%
10.4%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Sprouts beats expectations, history suggests the stock could rise by around 1.3% on average, confirming strong operational performance.
In line / cautious
A cautious in-line report may lead to muted stock movement, reflecting uncertainty in the market about future growth.
Miss
If the company misses expectations, history suggests a potential decline of around 0.47%, indicating investor disappointment.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
1
1 buy·0 sells
Members
1
House only
Est. Notional
$15,001.00–$50,000.00
disclosed dollar ranges
Most Active Members
1 trade
The lines on the call that would change the story.
Recent Transactions
Oct 2, 2026 · @ $64.77
10,788 sh
$698,723.66
Oct 5, 2026 · @ $64.48
10,788 sh
$695,561.69
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Blackrock Inc.
9,082,188 sh · $592.7M
9.74%
-13.5%
Vanguard Capital Management LLC
4,249,239 sh · $277.3M
4.56%
-0.8%
Vanguard Portfolio Management LLC
4,243,073 sh · $276.9M
4.55%
-14.4%
Morgan Stanley
3,461,149 sh · $225.9M
3.71%
-11.4%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.
Net buying
Recent Transactions
Traded Jul 16, 2026 · disclosed Sep 4, 2026
$15,001.00–$50,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.