Welcome to our dedicated page for Sprouts Farmers Market news (Ticker: SFM), a resource for investors and traders seeking the latest updates and insights on Sprouts Farmers Market stock.
Sprouts Farmers Market, Inc. (SFM) offers a unique grocery shopping experience designed to make healthy living easy and affordable. With bright and cheerful neighborhood stores, Sprouts combines the charm of old-fashioned farmers markets with the convenience of modern shopping. Customers will find a vibrant array of fresh, natural, and organic foods, including mountains of colorful fruits and vegetables, barrels of wholesome grains, nuts, and sweets, as well as full-service deli, meat, and seafood counters featuring handmade burgers and sausages.
The company boasts approximately 407 stores across 23 states in the United States, making it one of the largest and fastest-growing specialty retailers in the nation. Sprouts' open layout seamlessly integrates fresh produce at the heart of each store, complemented by spacious, low-profile aisles. Shoppers can explore an extensive selection of fresh baked goods, ready-to-eat meals, gourmet cheeses, sensibly-priced vitamins and supplements, and thousands of natural, organic, and gluten-free groceries.
Sprouts inspires wellness naturally by offering a carefully curated assortment of better-for-you products. The company continues to innovate with new products featuring lifestyle-friendly ingredients such as organic, plant-based, and gluten-free options. The passionate and purpose-driven team at Sprouts is committed to providing exceptional customer service and fostering a welcoming atmosphere for all shoppers.
In recent news, Sprouts Farmers Market was highlighted for being a significant tenant in the Rillito Crossing Marketplace acquisition by Prairie Hill Holdings. This 96,424 sq ft shopping center in Tucson, AZ, was acquired for $27.5 million and is anchored by a Sprouts store. This acquisition is part of Prairie Hill's strategy to capitalize on favorable retail property fundamentals and expand its portfolio of high-quality, high-yielding commercial real estate assets.
Sprouts Farmers Market (SFM) reported strong Q3 2024 results with net sales reaching $1.9 billion, marking a 14% increase year-over-year. The company achieved 8.4% comparable store sales growth and diluted earnings per share of $0.91, up from $0.64 in Q3 2023. During the quarter, SFM opened 9 new stores, expanding to 428 locations across 23 states. The company ended Q3 with $310 million in cash and zero balance on its credit facility. For Q4 2024, SFM projects comparable store sales growth of 8.0-10.0% and expects full-year 2024 net sales growth of approximately 12.0%.
Sprouts Farmers Market is launching Real Root by Sprouts, an exclusive line of over 130 premium body care, personal care, and home fragrance items. The products, designed to promote a healthier lifestyle, are cruelty-free and free from parabens, phthalates, artificial fragrances, colors, and skin irritants. Many are also vegan.
The line includes hair care, Epsom salts, bar soaps, body washes, bath fizz, mineral salt deodorants, and Castile hand soaps. Sprouts collaborated with a boutique fragrance house to create exclusive scents, including seasonal options like apple bourbon and pumpkin spice.
Real Root by Sprouts will be available in all Sprouts stores nationwide and online for pickup or delivery. To celebrate the launch, all products will be 20% off during Sprouts' vitamin and body care sale from 10/9 to 10/15.
Sprouts Farmers Market (Nasdaq: SFM) has announced it will release its third quarter financial results for the period ending September 29, 2024, after market close on October 30, 2024. The company will host a conference call at 5:00 p.m. ET to discuss the quarterly results. Investors can access the webcast at investors.sprouts.com, with registration opening ten minutes before the start. A replay will be available at approximately 8:00 p.m. ET.
Sprouts, headquartered in Phoenix, is one of the largest and fastest-growing specialty retailers of fresh, natural, and organic food in the United States. The company operates more than 420 stores across 23 states and employs over 33,000 team members. Sprouts offers a unique grocery experience with an open layout featuring fresh produce at its core, along with a curated selection of better-for-you products.
The Sprouts Healthy Communities Foundation has awarded $4 million in donations to local schools and nonprofit organizations focused on nutrition, health, and wellness. On September 7, Sprouts Team Members in all 423 Sprouts locations nationwide presented live checks to local organizations in a coordinated same-day event.
The donations are part of the Foundation's annual grants program, funded partially by customer donations at checkout. Grants range from $5,000 to $10,000 and support programs such as school gardens, children's nutrition education, and community health initiatives. Since 2015, the Foundation has awarded over $25 million in grants, impacting an estimated 3 million children annually. Sprouts expects to more than double its grant programs in the coming year.
Guayakí Yerba Mate, the category leader in yerba mate, has appointed Hari Avula to its Board of Directors. Avula will lead the company's Audit Committee, bringing extensive experience from leadership roles in global consumer, retail, and healthcare services businesses. His background includes serving as chief financial and strategic officer of Clif Bar & Company, senior roles at Walgreens Boots Alliance Inc., and a 22-year tenure at PepsiCo, Inc. (NASDAQ: PEP), where he was CFO of Frito Lay North America.
Avula currently serves on the Board of Directors of Sprouts Farmers Market (NASDAQ: SFM) and Believer Meats. Robyn Rutledge, Board Executive Chair of Guayakí Yerba Mate, expressed confidence that Avula's financial expertise will complement the Board's existing capabilities in leading the newly-formed Audit Committee.
Sprouts Farmers Market (Nasdaq: SFM) announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference in New York City. CEO Jack Sinclair and CFO Curtis Valentine will conduct a fireside chat on September 4, 2024, at 8:15 a.m. EDT. A live webcast will be available on the company's investor relations website.
Sprouts is a leading specialty retailer of fresh, natural, and organic food in the United States. With over 415 stores in 23 states and approximately 32,000 employees, Sprouts offers a unique grocery experience featuring an open layout with fresh produce at the center. The company focuses on providing better-for-you products, including organic, plant-based, and gluten-free options.
Sprouts Farmers Market (Nasdaq: SFM) has announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference in New York City. CEO Jack Sinclair and CFO Curtis Valentine will conduct a fireside chat on September 5, 2024, at 8:15 a.m. EDT. The event will be accessible via a live webcast.
Sprouts, headquartered in Phoenix, is a rapidly growing specialty retailer of fresh, natural, and organic food in the United States. With over 415 stores across 23 states and approximately 32,000 employees, Sprouts offers a unique grocery experience featuring an open layout with fresh produce at its core. The company focuses on providing better-for-you products, including organic, plant-based, and gluten-free options.
Sprouts Farmers Market (Nasdaq: SFM) reported strong Q2 2024 results, with net sales reaching $1.9 billion, a 12% increase year-over-year. Comparable store sales grew 6.7%, and diluted earnings per share rose to $0.94 from $0.65 in Q2 2023. The company opened 5 new stores, bringing the total to 419 across 23 states.
Financial highlights include $177 million in cash, a new $600 million share buyback program, and $311 million generated from operations. For Q3 2024, SFM projects comparable store sales growth of 3.5% to 4.5%. The full-year 2024 outlook includes net sales growth of 9% to 10%, comparable store sales growth of 4% to 5%, and plans to open approximately 35 new stores.
Sprouts Farmers Market (Nasdaq: SFM) announced it will release its second quarter financial results on July 29, 2024, after market close. The period under review ends on June 30, 2024.
Following the release, a conference call will be held at 5:00 p.m. ET to discuss the results. A live webcast of the call will be available at the company's investor relations website, with a replay accessible at 8:00 p.m. ET on the same day.
Sprouts, a specialty retailer headquartered in Phoenix, operates over 410 stores across 23 states and employs roughly 32,000 individuals.
Sprouts Farmers Market has announced a multi-year sponsorship agreement with the Southeastern Conference (SEC) and SEC Network, making it the 'Official Grocer of the SEC.' The sponsorship begins on July 1 and emphasizes women's sports and championships, including basketball, gymnastics, and softball. The partnership integrates Sprouts into SEC Network programming and live events, aiming to promote healthier lifestyles and support equity in women's sports. Sprouts will also sponsor the Sprouts Farmers Market Collegiate Quad, an ESPN-owned gymnastics invitational, which had a successful first year and promises to grow further.
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