By Brandon Brown | Phoenix Business Journal
Story Highlights
- Sprouts Farmers Market reports 17% revenue increase to $2.2 billion
- Company plans to open 35 new stores this year
- Sprouts expands distribution centers to support growth across U.S.
Specialty grocery chain Sprouts Farmers Market Inc. (Nasdaq: SFM) has increased the number of new stores in its pipeline as the Phoenix-based company looks to grow across the U.S.
Sprouts is in growth mode, which is driving positive results to its top and bottom lines. The company’s latest earnings results for the second quarter showed $2.2 billion in revenue – a 17% increase from the same period in 2024 – and a 10.2% increase in comparable store sales. Second quarter income grew 40% year-over-year to $133 million.
