Jacob Aiken-Phillips's questions to Sprouts Farmers Market Inc (SFM) leadership • Q3 2024
Question
Jacob Aiken-Phillips questioned if the Q4 comp and bottom-line guidance was conservative and asked about the primary drivers for comp growth over the next 2-3 years.
Answer
CFO Curtis Valentine defended the Q4 guidance, stating the midpoint represents an acceleration on a one-year basis and is in line with Q3 performance. CEO Jack Sinclair expressed confidence in long-term growth, citing resilient customers, strategic initiatives, and the powerful tailwind of the health trend. Curtis added that while they aspire to beat guidance, factors like the election and holidays warrant a prudent outlook.