Sprouts Farmers Market, Inc. (NASDAQ: SFM) has announced a new share repurchase program of $1 billion on August 13, 2025, replacing its previous authorization with approximately $143 million remaining. This move reflects the company's confidence in its strategy and business potential.
The shares may be repurchased at the company's discretion, subject to general business and market conditions. The repurchases could be made through open market purchases, privately negotiated transactions, or other means, including through rule 10b5-1 trading plans. Importantly, there is no expiration date for this program, but the board will periodically review the authorization to ensure it aligns with the company's capital allocation priorities and market conditions.
Curtis Valentine, the Chief Financial Officer of Sprouts Farmers Market, emphasized the company's commitment to delivering long-term value for its investors by prioritizing investments that foster business growth while also returning excess free cash flow to shareholders through the ongoing repurchase program.
This announcement comes as the company looks to leverage its robust cash flow generation and demonstrates the board's confidence in the company's future prospects. Today the company's shares have moved 1.88% to a price of $147.33. For more information, read the company's full 8-K submission here.
