Sprouts Farmers Market Inc - Company Profile
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Sprouts Farmers Market Inc (Sprouts), formerly known as Sprouts Farmers Markets LLC, is a retailer of fresh, natural and organic food products. The company operates as a combination of natural foods stores, farmers markets, smaller specialty markets, convenience stores, independent grocers and conventional chain supermarkets. The company’s product portfolio includes fresh produce, vitamins and supplements, beer and wine, grocery, bulk foods, meat and seafood, bakery, body care, dairy products, natural health and body care products, floral and dairy alternatives and frozen foods. Sprouts offer gift cards and coupons services. The company’s operations are spread across Southwest region of the US, with the majority of its stores in Arizona, Colorado, and Texas. Sprouts are headquartered in Phoenix, Arizona, the US.
Headquarters
United States of America
Address
5455 E High St Ste 111, Phoenix, Arizona, 85054-5464
Website
www.sprouts.com
Telephone
1 480 8148016
No of Employees
32,000
Industry
Retailing
Ticker Symbol & Exchange
SFM (NASD)
Revenue (2022)
$6.8B
6.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-0.9%
(2022 vs 2021)
Market Cap*
$6.3B
Net Profit Margin (2022)
XYZ
-7.1%
(2022 vs 2021)
* As of and is in US$
Sprouts Farmers Market Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Grocery Items | Gift Cards |
| Dairy and Non-Dairy Products | Coupons |
| Bakery Products | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In April, the company announced its plans to launch two stores in Philadelphia, Pennsylvania, the US. |
| 2024 | Contracts/Agreements | In April, the company entered into a partnership with Once Upon A Coconut to introduce Once Upon A Coconut's coconut water products to 400 Sprouts stores. |
| 2024 | Contracts/Agreements | In March, the company entered into a partnership with Cymbiotika to make available Cymbiotika’s products in select Sprouts stores in the US. |
Competitor Comparison
| Key Parameters | Sprouts Farmers Market Inc | Walmart Inc | Amazon.com Inc | The Kroger Co | Target Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Phoenix | Bentonville | Seattle | Cincinnati | Minneapolis |
| State/Province | Arizona | Arkansas | Washington | Ohio | Minnesota |
| No. of Employees | 32,000 | 2,100,000 | 1,525,000 | 430,000 | 440,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Joseph Fortunato | Chairman | Executive Board | 2017 | 70 |
| Jack L. Sinclair | Chief Executive Officer; Director | Executive Board | 2019 | 62 |
| Curtis Valentine | Chief Financial Officer | Senior Management | 2024 | - |
| Nicholas Konat | President; Chief Operating Officer | Senior Management | 2022 | 45 |
| James Bahrenburg | Chief Technology Officer | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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