Exhibit 99.1

FOR IMMEDIATE RELEASE

SPROUTS FARMERS MARKET, INC. REPORTS FIRST QUARTER 2014 RESULTS

PHOENIX, Ariz. – (Globe Newswire) – May 7, 2014 – Sprouts Farmers Market, Inc. (the “Company”) (Nasdaq:SFM) today reported results for its 13-week first quarter ended Mar. 30, 2014.

First Quarter Highlights:

“Sprouts’ focus on value is resonating with a broad and growing base of customers who now have the opportunity to purchase healthy food at an affordable price. This has resulted in 28 consecutive quarters of positive same store sales growth and record first quarter financial performance that outperformed our targets,” said Doug Sanders, president and chief executive officer of Sprouts Farmers Market. “During the first quarter, Sprouts’ net sales increased 26%, generating additional leverage and resulting in a 49% improvement of EBITDA growth. Given our strong business momentum and impressive first quarter results we are increasing our annual guidance, and feel confident in achieving our growth plans.”

In order to aid understanding of the Company’s business performance, it has presented results in conformity with accounting principles generally accepted in the United States (“GAAP”) and has also presented adjusted net income, adjusted diluted earnings per share and adjusted EBITDA, which are non-GAAP measures that are explained and reconciled to the comparable GAAP measures in the tables included in this release. Where applicable, the numbers below are first presented on a GAAP basis and then on an adjusted basis.

First Quarter 2014 Financial Results

Net sales in the first quarter of 2014 increased 26% to $722.6 million. Net sales growth was driven by a 12.8% increase in same store sales growth and strong performance in new stores opened, including our first new store in the Kansas City market.

Gross profit for the quarter increased 29% to $223.9 million resulting in a gross profit margin of 31.0% of sales, or an increase of 70 basis points compared to the same period in 2013. The improvement in gross profit margin was primarily driven by leveraging occupancy, utilities and buying costs. In addition, we experienced higher merchandise margins in produce from strong product quality and availability, and lower merchandise costs from vendor discounts in certain departments. These increases were partially offset by promotional activities.

Direct store expenses as a percentage of sales for the quarter decreased 90 basis points to 19.1% compared to the same period in 2013 and on an adjusted basis decreased by 100 basis points to 19% compared to 2013. This was primarily due to leverage in labor and depreciation, in addition to lower utilization of medical benefits.

Selling, general and administrative expenses as a percentage of sales for the quarter increased 20 basis points to 3.1% compared to the same period in 2013. SG&A during the quarter included $1.4 million of pre-tax secondary offering expenses. Excluding this item, SG&A as a percentage of sales was consistent with the same period in 2013. This was primarily due to leverage in advertising, offset by higher corporate overhead as we continue to build out infrastructure to support our expansion plans.

Net income for the quarter was $33.7 million, or diluted earnings per share of $0.22, up $15.6 million from the same period in 2013. Net income in the quarter included $1.4 million of pre-tax secondary offering expenses including related payroll taxes, $0.5 million pre-tax store closure and exit costs; and $0.7 million loss on disposal of assets. Net income for the first quarter of 2013 included a pre-tax store closure and exit costs of $0.8 million. Excluding these items, adjusted net income increased 90% to $35.4 million, compared to $18.6 million in the same period in 2013, and adjusted EBITDA totaled $77.5 million, up $25.4 million, or 49%, from the same period in 2013. These increases were driven by higher sales, improved gross profit margins and the resulting operating leverage. In addition, net income benefited from lower interest expense due to a lower principal balance on our term loan and a decrease in interest rates. Adjusted diluted earnings per share was $0.23, a 64% increase from adjusted diluted earnings per share of $0.14 from the same period in 2013.

Growth and Development

During the first quarter of 2014, the Company opened 4 new stores – two in California, and one each in Kansas and Oklahoma and relocated our El Paso, Texas store. One additional store in Nevada has been opened in the second quarter to date, bringing 2014 new store openings to five for a total of 172 stores in nine states as of May 7, 2014. The Company expects to open 23-24 stores for the year.

Leverage and Liquidity

The Company generated cash from operations of $76.3 million for the first quarter of 2014 and invested $18.2 million in capital expenditures, primarily for new stores. The Company ended the quarter with a principal balance on its term loan of $316.5 million, $149.0 million in cash and cash equivalents and $52.6 million available under its revolving credit facility.

2014 Outlook

The following provides updated information on the Company’s guidance for 2014:

The Company’s adjusted diluted earnings per share, adjusted net income and adjusted EBITDA guidance for the year do not include charges and costs which are expected to be similar to those charges and costs excluded from adjusted diluted earnings per share, adjusted net income and adjusted EBITDA in prior periods. Please see the explanation and reconciliation of these non-GAAP measures to the comparable GAAP measures for the thirteen weeks ended March 30, 2014 and March 31, 2013 in the tables included below.

First Quarter 2014 Conference Call

The Company will hold a conference call at 2 p.m. Pacific Daylight Time (5 p.m. Eastern Daylight Time) on Wednesday, May 7, 2014, during which Sprouts’ executives will further discuss the Company’s first quarter 2014 financial results.

A webcast of the conference call will be available through Sprouts’ investor webpage located at http://investors.sprouts.com. For those participating via teleconference, the phone number for the call is 1-877-398-9481 (U.S.) or 1-408-337-0130 (international), and the passcode is 30673082. Participants are encouraged to dial in 10 minutes early. A replay of the event will remain available for two weeks and can be accessed by dialing 1-855-859-2056 (toll-free) or 1-404-537-3406 (international) and entering the confirmation code: 30673082. An archive of the webcast will be available for one year at http://investors.sprouts.com, under “Events and Presentations.”

Important Information Regarding Outlook

There is no guarantee that Sprouts will achieve its projected financial expectations, which are based on management estimates, currently available information and assumptions that management believes to be reasonable. Such forward-looking statements are inherently subject to significant economic, competitive and other uncertainties and contingencies, many of which are beyond the control of management. See “Forward-Looking Statements” below.

Forward-Looking Statements

Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Any statements contained herein (including, but not limited to, statements to the effect that Sprouts Farmers Market or its management “anticipates,” “plans,” “estimates,” “expects,” or “believes,” or the negative of these terms and other similar expressions) that are not statements of historical fact should be considered forward-looking statements, including, without limitation, the Company’s beliefs that its focus on value is resonating with a broad and growing base of customers who now have the opportunity to purchase healthy food at an affordable price and it is confident in achieving its growth plans given its strong business momentum and impressive first quarter results, the Company’s expected new store openings and the Company’s guidance and outlook for 2014. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks and uncertainties include, without limitation, risks associated with the Company’s ability to successfully compete in its intensely competitive industry; the Company’s ability to successfully open new stores; the Company’s ability to manage its rapid growth; the Company’s ability to maintain or improve its operating margins; the Company’s ability to identify and react to trends in consumer preferences; product supply disruptions; general economic conditions; and other factors as set forth from time to time in the Company’s Securities and Exchange Commission filings. The Company intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more information becomes available, except as required by law.

Corporate Profile

Sprouts Farmers Market, Inc. is a healthy grocery store offering fresh, natural and organic foods at great prices. We offer a complete shopping experience that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, natural body care and household items catering to consumers’ growing interest in health and wellness. Recently named one of the top five supermarket chains by Consumer Reports and headquartered in Phoenix, Arizona, Sprouts Farmers Market employs more than 15,000 team members and operates more than 170 stores in nine states.

SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(IN THOUSANDS, EXCEPT SHARE AMOUNTS)

SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)

Non-GAAP Financial Measures

In addition to reporting financial results in accordance with GAAP, the Company has presented adjusted net income, adjusted earnings per share and adjusted EBITDA. These measures are not in accordance with, and are not intended as an alternative to, GAAP. The Company’s management believes that these presentations provide useful information to management, analysts and investors regarding certain additional financial and business trends relating to its results of operations and financial condition. In addition, management uses these measures for reviewing the financial results of the Company, and they are a component of incentive compensation. The Company defines adjusted net income as net income excluding store closure and exit costs, one-time costs associated with its combination with Henry’s Holdings, LLC (the “Henry’s Transaction”) and its acquisition of Sunflower Farmers Market, Inc. (the “Sunflower Transaction,” and together with the Henry’s Transaction, the “Transactions”), gain and losses from disposal of assets and the loss of extinguishment of debt. The Company defines adjusted diluted earnings per share as adjusted net income divided by the weighted average diluted shares outstanding. The Company defines EBITDA as net income before interest expense, provision for income tax, and depreciation and amortization, and defines adjusted EBITDA as EBITDA excluding store closure and exit costs, one-time costs associated with the Transactions, gains and losses from disposal of assets and the loss on extinguishment of debt.

These non-GAAP measures are intended to provide additional information only and do not have any standard meanings prescribed by GAAP. Use of these terms may differ from similar measures reported by other companies. Because of their limitations, none of these non-GAAP measures should be considered as a measure of discretionary cash available to use to reinvest in growth of the Company’s business, or as a measure of cash that will be available to meet the Company’s obligations. Each of these non-GAAP measures has its limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of the Company’s results as reported under GAAP.

The following table shows a reconciliation of adjusted net income and adjusted EBITDA to net income, and adjusted earnings per share to net income per share, for the thirteen weeks ended March 30, 2014 and net income for the thirteen weeks ended March 31, 2013:

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Source: Sprouts Farmers Market, Inc.

Phoenix, AZ

05/7/14