October 20, 2016 8:57 PM ET

Food and Staples Retailing

Company Overview of Sprouts Farmers Market, Inc.

Company Overview

Sprouts Farmers Market, Inc., together with its subsidiaries, operates as a retailer of fresh, natural, and organic food in the United States. The company’s retail stores offer fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care and natural household items, beer and wine, and dairy alternatives. As of February 25, 2016, it operated 224 stores in 13 states. Sprouts Farmers Market, Inc. was founded in 2002 and is based in Phoenix, Arizona.

5455 East High Street

Suite 111

Phoenix, AZ 85054

United States

Founded in 2002

20,000 Employees





Key Executives for Sprouts Farmers Market, Inc.

Chief Executive Officer and Director
Age: 44
Total Annual Compensation: $498.5K
President and Chief Operating Officer
Age: 45
Total Annual Compensation: $458.1K
Executive Chairman
Age: 47
Total Annual Compensation: $570.8K
Chief Legal Officer and Corporate Secretary
Age: 39
Total Annual Compensation: $305.6K
Vice President of Investor Relations & Treasury
Total Annual Compensation: $199.4K
Compensation as of Fiscal Year 2015.

Sprouts Farmers Market, Inc. Key Developments

Sprouts Farmers Markets Confirms Florida, North Carolina Expansion

Sprouts Farmers Markets confirmed plans to expand for the first time to Florida and North Carolina in a release detailing anticipated store openings during its 2017 fiscal first quarter, which begins in January 2017. Sprouts said it would open eight store in the quarter and anticipates opening 36 stores during 2017. First quarter openings include stores in Carrollwood, Fla., near Tampa, and Falls of Neuse, N.C., outside Raleigh. The company will add additional stores to both markets later in 2017. Other sites on tap for the first quarter include Decatur and Marietta Ga.; Folsom and LaVerne, Calif.; Prescott, Ariz.; and Wichita, Kans.

Sprouts Farmers Market, Inc. Provides Earnings Guidance for the Third Quarter Ending October 2, 2016 and Full Year of 2016

Sprouts Farmers Market, Inc. provided earnings guidance for the third quarter ending October 2, 2016 and full year of 2016. For the quarter, the company’s comparable store sales growth is now expected to be approximately flat. The prolonged deflationary environment, competitive landscape and industry dynamics have prompted heavy promotions across the industry, adversely impacting retail deflation and traffic generation. This update reflects the impact of significant ongoing deflation, the stepped-up promotional environment and their cautious outlook for the remainder of the year. Given the current environment, they are adjusting their full-year 2016 comparable store sales growth to be in the range of 1.5% to 2.5% and earnings per share to be in the range of $0.83 to $0.86.

Sprouts Farmers Market, Inc. Presents at 23rd Annual Goldman Sachs Global Retailing Conference 2016, Sep-08-2016 10:35 AM

Sprouts Farmers Market, Inc. Presents at 23rd Annual Goldman Sachs Global Retailing Conference 2016, Sep-08-2016 10:35 AM. Venue: The Plaza Hotel, New York, New York, United States. Speakers: Amin N. Maredia, Chief Executive Officer and Director, Bradley Lukow, Chief Financial Officer, Principal Accounting Officer and Treasurer.

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