Sprouts Farmers Market, Inc.

What does Sprouts Farmers Market own?
Sprouts Farmers Market operates its retail grocery banner under the Sprouts Farmers Market name, along with private label brands including Sprouts Organic and Sprouts Natural. The company sells these products exclusively through its 490 stores across 25 states. Sprouts does not own brands outside of its retail grocery operations.

Is Sprouts Farmers Market publicly traded?
Yes, Sprouts Farmers Market, Inc. is publicly traded on NASDAQ under the ticker symbol SFM. The company went public in 2014 at $18 per share. Institutional investors including Vanguard Group and BlackRock are among the largest shareholders.

Who founded Sprouts Farmers Market?
Sprouts Farmers Market was founded in 2002 by Doug Sanders and Shon Harris in San Diego, California. The founders sought to create an affordable natural and organic grocery store. The company has since relocated its headquarters to Phoenix, Arizona, and expanded to 490 stores across 25 states.

Where is Sprouts Farmers Market headquartered?
Sprouts Farmers Market is headquartered in Phoenix, Arizona, USA. The company relocated its corporate offices from San Diego, California to the Phoenix metropolitan area as part of its national expansion strategy.

How many stores does Sprouts Farmers Market operate?
Sprouts Farmers Market operates 490 stores across 25 states as of June 28, 2026. The company plans to open 42 net new stores in fiscal 2026, expanding its footprint in existing and new markets.

Who owns Sprouts Farmers Market?
Sprouts Farmers Market is a publicly traded corporation with no controlling shareholder or parent company. Ownership is distributed among institutional investors, mutual funds, and individual shareholders. The company is incorporated in Delaware and governed by an independent board of directors.

What is Sprouts Farmers Market's revenue?
For fiscal year 2025 (ended December 28, 2025), Sprouts reported net sales of $8.8 billion, a 14% increase from 2024. Diluted earnings per share were $5.31. The company projects full-year 2026 net sales growth of 4.5% to 6.5%.

Sprouts Farmers Market was founded in 2002 by Doug Sanders and Shon Harris in San Diego, California. The founders sought to bring affordable natural and organic products to a broader consumer base, positioning Sprouts as a lower-cost alternative to Whole Foods Market. The original store concept emphasized fresh produce, bulk foods, and organic products in an open-layout format.

The company expanded steadily through the 2000s, opening stores across California and the Southwest. Sprouts built a customer base among health-conscious consumers who wanted organic and natural products without paying premium prices. The business model focused on high-volume, low-margin retail operations.

In 2011, private equity firm Apollo Global Management acquired a controlling stake in Sprouts, providing capital for accelerated expansion. Apollo later took the company public on NASDAQ in 2014 at $18 per share. The IPO raised funds for national growth, and Sprouts began expanding beyond its Southwest base into new markets.

Through the late 2010s, Sprouts opened stores at a rate of 25 to 35 per year, reaching 300 locations by 2019. The company relocated its headquarters from San Diego to Phoenix, Arizona, consolidating corporate operations in the Phoenix metropolitan area.

Jack Sinclair became CEO in 2019, bringing experience from Walmart's U.S. grocery division. Sinclair shifted Sprouts' strategy toward smaller store formats, improved fresh departments, and expanded private label products. He also invested in e-commerce and omnichannel capabilities, including partnerships with Instacart and other delivery platforms.

In fiscal year 2025, Sprouts reported net sales of $8.8 billion, a 14% increase from 2024, with comparable store sales growth of 7.3%. The company opened 37 new stores, ending the year with 477 locations in 24 states. Diluted earnings per share reached $5.31, up from $3.75 in 2024.

In 2026, Sprouts has continued expanding, reaching 490 stores in 25 states as of June 28, 2026. The company expects to open 42 net new stores in fiscal 2026 and projects full-year net sales growth of 4.5% to 6.5%. However, comparable store sales have softened, with Q1 2026 comps at negative 1.7% and Q2 2026 comps at negative 1.0%, reflecting a cautious consumer environment and strong prior-year comparisons.

Sprouts Farmers Market publishes sustainability information through its corporate responsibility initiatives. The company focuses on reducing food waste, responsible sourcing, and community engagement.

The company is not a Certified B Corporation. Sprouts does not hold B Corp certification, and none of its private label brands are independently certified as B Corp entities.

Sprouts' sustainability efforts include partnerships with food banks to reduce food waste. The company donates unsold food to local food banks through its food rescue program. Sprouts also reports on its progress in reducing plastic bag usage and promoting reusable bags.

On sourcing, Sprouts emphasizes organic and natural products, which inherently support sustainable farming practices. The company sources produce from domestic and international suppliers, with a focus on seasonal and locally grown products where possible.

Sprouts has not publicly committed to net-zero emissions targets or science-based emissions reduction goals as of 2026. The company's sustainability reporting is less comprehensive than larger grocery competitors like Kroger or Whole Foods.