Sprouts Farmers Market, Inc. (NASDAQ: SFM) has announced a new $1 billion share repurchase program, replacing its prior authorization which had approximately $143 million remaining. The company's board of directors approved this new program on August 13, 2025.
This decision reflects the company's confidence in its strategy and business potential, as well as its commitment to delivering long-term value to investors. The share repurchases will be conducted at the discretion of the company and subject to general business and market conditions, as well as other investment opportunities. The program may involve open market purchases, privately negotiated transactions, or other means, including through rule 10b5-1 trading plans. It's important to note that the share repurchase program doesn't have an expiration date and can be commenced, suspended, or discontinued at any time.
Curtis Valentine, the Chief Financial Officer of Sprouts Farmers Market, emphasized the company's robust cash flow generation and its dedication to returning excess free cash flow to shareholders through the ongoing repurchase program.
The company's commitment to returning value to shareholders is evident in the significant increase in the share repurchase authorization, from the previous $143 million to the current $1 billion. This signals a strong belief in the company's financial position and future prospects.
Investors will likely be paying close attention to how this new share repurchase program will impact the company's financial metrics and overall performance in the coming quarters. As a result of these announcements, the company's shares have moved -0.71% on the market, and are now trading at a price of $144.61. If you want to know more, read the company's complete 8-K report here.
