02:13 PM EDT, 04/21/2026 (MT Newswires) -- Sprouts Farmers Market ( SFM ) is expected to deliver "in-line" Q1 results and reaffirm 2026 forecast, with modestly improving comparable sale trends, RBC Capital Markets said in a report Tuesday.

RBC said it raised its Q1 comparable sales estimate to a 1.5% decline from a prior 2% drop, now slightly ahead of consensus expectations, citing improved "transaction data" since mid-February. Adjusted earnings per share are projected to remain at $1.69, roughly in line with Wall Street estimates, as continued investments in pricing and loyalty programs weigh on margins, the firm said.

Sprouts Farmers Market ( SFM ) is scheduled to release its Q1 financial results on April 29.

The brokerage said it expects the company's management to reaffirm its 2026 guidance following the release, noting that quarter-to-date trends have remained "steady" and should support "confidence" in maintaining 2-year stack for Q2 assumptions. Comparable sales for Q2 are forecast in a range of down 2% to flat, broadly aligning with consensus, according to the report.

RBC said "primary focus" is expected to be on April comparable sales performance as a key indicator of whether comps can begin to "accelerate" after cycling through tougher year-ago comparisons.

RBC has an outperform rating on Sprouts Farmers Market ( SFM ), with an unchanged price target of $114.

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