Mark Carden's questions to Sprouts Farmers Market Inc (SFM) leadership • Q3 2024
Question
Mark Carden asked about the monthly cadence of comparable store sales in Q3, the impact of hurricanes, and the implied acceleration in Q4 guidance. He also questioned the comp contribution from newer store vintages.
Answer
CFO Curtis Valentine confirmed a slight acceleration late in Q3 with a minor benefit from hurricanes, leading to strong momentum. He stated that newer store vintages contribute over 100 basis points to comps, performing as expected. CEO Jack Sinclair added that stores opened during the COVID era are now showing a particularly strong consumer response.