Sprouts Farmers Market, Inc. operates as a specialty retailer of fresh, natural, and organic food in the United States. The company’s stores offer fresh produce, bulk foods, vitamins and supplements, grocery products, meat and seafood products, deli and bakery products, dairy and dairy alternatives, frozen foods, beer and wine, natural health and body care products, and natural household products. As of May 7, 2015, it operated 205 stores in 12 states. Sprouts Farmers Market, Inc. was founded in 2002 and is based in Phoenix, Arizona.
5455 East High Street
Phoenix, AZ 85054
Founded in 2002
Sprouts Farmers Market, Inc. Announces Executive Appointments
Jul 8 15
Sprouts Farmers Market, Inc. appointed Shawn Gensch chief marketing officer and Dan Sanders executive vice president of store operations. Gensch's officially became a member of the Sprouts team on June 29, 2015. Sanders started at Sprouts on July 6, 2015. He is a former division president for SuperValu and has more than two decades worth of supermarket experience.
Sprouts Farmers Market, Inc. Presents at Deutsche Bank db Access Global Consumer Conference 2015, Jun-09-2015 04:00 PM
Jun 8 15
Sprouts Farmers Market, Inc. Presents at Deutsche Bank db Access Global Consumer Conference 2015, Jun-09-2015 04:00 PM. Venue: Paris, France.
Sprouts Farmers Market, Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 29, 2015; Provides Earnings Guidance for the Second Quarter of 2015 and Full Year 2015
May 7 15
Sprouts Farmers Market, Inc. announced unaudited earnings results for the first quarter ended March 29, 2015. For the quarter, the company reported net sales of $857,506,000 against $722,606,000 a year ago. Income from operations was $66,574,000 against $61,669,000 a year ago. Income before income taxes was $60,768,000 against $55,298,000 a year ago. Net income was $37,467,000 or $0.24 per diluted share against $33,733,000 or $0.22 per diluted share a year ago. Net cash provided by operating activities was $ 68,084,000 against $76,266,000 a year ago. Purchases of property and equipment were $33,755,000 against $18,240,000 a year ago. Adjusted net income was $ 38,598,000 or $0.25 per diluted share against $35,358,000 or $0.23 per diluted share a year ago. Adjusted earnings before interest and taxes were $68,466,000 against $64,428,000 a year ago. Adjusted earnings before interest, taxes, depreciation and amortization were $84,341,000 against $77,463,000 a year ago. These increases were driven by higher sales and resulting higher operating margin dollars. In addition, net income in 2015 benefited from lower interest expense due to a lower principal balance on term loan.
The company provided earnings guidance for the second quarter of 2015 and full year 2015. For the second quarter of 2015, the company expected comparable same store sales growth of 5.5% to 6.5% and two-year combined pro forma same store sales growth of 15% to 16%.
For the year 2015, the company expects net sales growth of 20% to 22%, comparable same store sales growth of 6% to 7%, adjusted EBITDA growth of 16% to 19%, adjusted net income growth of 18% to 22%, adjusted diluted earnings per share of $0.84 to $0.87 and capital expenditures of $100 million to $110 million.