Welcome to our dedicated page for Sprouts Farmers news (Ticker: SFM), a resource for investors and traders seeking the latest updates and insights on Sprouts Farmers stock.
Sprouts Farmers Market Inc (SFM) provides investors and industry observers with comprehensive updates on its specialty grocery operations and market strategy. This page serves as the definitive source for official announcements, financial reports, and operational developments from the natural foods retailer.
Visitors gain access to timely information about earnings releases, store expansions, product innovations, and sustainability initiatives. The curated news collection enables stakeholders to track SFM's progress in organic food retail, healthy living advocacy, and community-focused grocery experiences.
Key updates include financial performance disclosures, leadership changes, supplier partnerships, and advancements in SFM's farmers market-inspired store format. All content undergoes strict verification to ensure accuracy and relevance for both casual readers and professional analysts.
Bookmark this page for streamlined access to SFM's latest business developments. Check regularly for updates on how the company continues to innovate in natural product retailing while maintaining its commitment to affordable, wellness-oriented groceries.
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.
The Sprouts Healthy Communities Foundation has announced a $3M funding opportunity for local organizations that advance nutrition education, access, and wellness. The foundation aims to support approximately 300 local programs, each receiving grants between $5,000 to $10,000. The initiative includes funding categories such as school gardens, children's nutrition, and adult wellness programs. The deadline for application is July 15, 2024. The foundation, since 2015, has awarded over $20M in grants, impacting around 3 million children annually. CEO Jack Sinclair and Executive Director Lyndsey Waugh emphasize the foundation's commitment to community health.
Sprouts Farmers Market (Nasdaq: SFM) announced a new $600 million share repurchase program authorized by its Board of Directors on May 22, 2024. This program replaces the current one, which had nearly $120 million remaining. Shares may be bought on a discretionary basis through various methods, including open market purchases and privately negotiated transactions. The program is flexible, allowing for commencement, suspension, or discontinuation anytime, and it expires on May 22, 2027. CFO Curtis Valentine stated that the program highlights the company's strong cash flow and the Board's confidence in its strategy and growth potential.
Sprouts Farmers Market, Inc. (Nasdaq: SFM) reported strong financial results for the first quarter of 2024, with net sales totaling $1.9 billion, a 9% increase from the same period in 2023. The company saw a 4.0% growth in comparable store sales and reported diluted earnings per share of $1.12. Sprouts also opened 7 new stores during the quarter, bringing the total to 414 stores in 23 states. The company ended the quarter with $312 million in cash and cash equivalents and provided outlook for the second quarter and full-year 2024.
