Sprouts Kicks off 2024 With Spate of Store Openings
Sprouts Farmers Market is swiftly progressing toward its expansion goals for 2024. With a five-year plan targeting a 10% annual increase in its network, the grocery chain opened three stores in January alone, including locations in Port Charlotte and Miami-Coconut Grove, Florida, and Burtonsville, Maryland. One of the fastest-growing retailers of fresh, natural and organic food in the country, Sprouts announced a slew of new store opening dates for the beginning of this year.
In addition to the three stores opened in January, the healthy grocer will debut the following new stores:
Friday, February 16th – 7925 Atlantic Avenue, Cudahy, California Friday, March 1st – 3535 Panama Lane, Bakersfield, California Friday, March 15th– 12450 Amargosa Road, Victorville, California , and 469 East Interstate 30, Rockwall, Texas
The natural and organic retailer also announced plans to open its third location in Pennsylvania. Sprouts is slated to open in a 21,320-square-foot space at the Crossroads retail center in the city of York this year. Additionally, recent reports suggest that Sprouts will open its fifth Nashville-area store early in 2025. At this time, Sprouts anticipates adding a total of 34 stores to its family of locations in 2024.
In each Sprouts location, the grocer offers a unique shopping experience featuring an open layout with fresh produce at the heart of the store. Remaining loyal to its farmstand roots, the retailer is committed to supporting the communities in which it operates by collaborating with local farmers. Sprouts’ expansion-oriented business model is yielding positive results, as evident from its recently disclosed third-quarter financials. The specialty grocer achieved net sales of $1.7 billion, reflecting a 7.6% increase compared to the same period in 2022. This growth was propelled by a 3.9% rise in comparable-store sales. Additionally, the quarter’s success was bolstered by a 14% increase in sales of Sprouts’ better-for-you private brand, constituting 20.5% of total sales.
Headquartered in Phoenix, Sprouts Farmers Market boasts approximately 31,000 employees and operates over 400 stores across 23 states in the U.S. The company ranks 51st on The PG 100, Progressive Grocer’s 2023 ranking of the leading food and consumables retailers in North America.