Sprouts Farmers Market reports developments as a specialty grocery retailer focused on fresh, natural and organic food in the United States. Company updates commonly cover quarterly earnings, store openings and market expansion, merchandising and customer strategy, and a curated assortment of organic, gluten-free, plant-based and non-GMO products built around fresh produce.
News also includes management changes, investor conference appearances, supply-chain initiatives and sustainability-related projects tied to the retailer's operating footprint.
Sprouts Farmers Market has launched its Rescued Organics program, aimed at reducing food waste and supporting local farmers, in all 130 California stores. The initiative offers discounted imperfect organic produce, which may be misshapen or have slight color variations but maintains high quality and nutritional value. This program addresses the issue of billions of meals worth of edible food being wasted annually, allowing customers to access organic produce at reduced prices while aiding farmer profitability. The program features 12 varieties, including potatoes, onions, and citrus fruits.
Local Bounti Corporation (NYSE: LOCL) has launched its new Asian Style Chicken Lettuce Wrap Kit, available at 194 Sprouts Farmers Markets in California and Arizona, as of January 16, 2023. This convenient meal kit includes sustainably grown living butter lettuce and is designed for quick preparation, taking only about five minutes. At 120 calories per serving, it aims to meet growing consumer demand for premium, healthy meals at home. Local Bounti emphasizes sustainability and aims to reduce food waste while providing high-quality ingredients.
Sprouts Farmers Market announced the appointment of Alisa Gmelich as Senior Vice President and Chief Marketing Officer, effective December 5, 2022. Reporting directly to President and COO Nick Konat, Gmelich will enhance the company's marketing strategy to drive customer engagement and expansion. With over 25 years of experience, including roles at Auntie Anne's and IHOP, she aims to strengthen Sprouts' brand connection with customers. The company operates approximately 380 stores across 23 states.
Sprouts Farmers Market is set to host a national hiring event on December 9 and 10 across its nearly 400 locations in 23 states. The event aims to fill various positions, including department managers and cashiers, from 9 a.m. to 6 p.m. Interested candidates can apply in-store or via text. Alongside competitive pay and a rewarding culture, Sprouts emphasizes its focus on fresh, organic products. The company, celebrating its 20th anniversary, continues to grow as a leading retailer of natural foods in the U.S.
Sprouts Farmers Market reported strong third-quarter results for the period ending October 2, 2022, with net sales of $1.6 billion, marking a 5% increase year-over-year. The company achieved a comparable store sales growth of 2.4% and a 9% rise in diluted earnings per share, reaching $0.61. Sprouts opened one new store, increasing its total to 379 locations. With a strong cash position of $316 million, the company projects a full-year sales growth of 4.5% to 5% and plans to open 16 new stores, reinforcing its commitment to healthy eating trends.
Sprouts Farmers Market is launching a partnership with DoorDash, adding nearly 380 stores for on-demand grocery delivery across the U.S., starting in Arizona. This collaboration allows customers to access thousands of fresh, organic products through the DoorDash app, with delivery options available immediately or scheduled. Sprouts is celebrating the launch with a promotional offer of 30% off for first-time customers on orders over $50 until November 24, 2022. This expansion aims to enhance customer access to healthy grocery options nationwide.
Sprouts Farmers Market (Nasdaq: SFM) will release its third-quarter financial results on November 8, 2022, after the market closes. A conference call to discuss these results will take place at 3:00 PM MST (5:00 PM EST) on the same day. The call will be accessible via webcast, and a replay will be available a few hours after the live event. Sprouts operates around 380 stores across 23 states, employing approximately 31,000 team members and celebrating its 20th anniversary this year.
Sprouts Farmers Market has announced new sponsorship agreements with Arizona State University, UCLA, USC, and the University of Texas, enhancing its commitment to women's athletics. These partnerships will support season-long activities and sponsor one female student-athlete from each school. CEO Jack Sinclair emphasized the focus on empowering women's health and performance through nutritious food options. This announcement aligns with Sprouts' recent initiatives in women's sports and its 20-year anniversary, enhancing its brand visibility and community engagement.
Sprouts Farmers Market reported a strong second quarter for the period ending July 3, 2022, achieving net sales of $1.6 billion, a 5% increase from 2021. Comparable store sales rose by 2.0%, and diluted earnings per share reached $0.57. The company opened 2 new stores while closing 3, bringing the total to 378 stores across 23 states. For full-year projections, Sprouts anticipates 4.0% to 5.0% net sales growth and adjusted diluted earnings per share between $2.18 and $2.26. The company ended the quarter with $289 million in cash.
Sprouts Farmers Market (SFM) will release its second-quarter financial results on August 3, 2022, post-market. A conference call led by management will follow at 2:00 PM PDT to discuss the results. Interested participants can access the audio replay via phone starting at 5:00 PM PDT on the same day. Sprouts, headquartered in Phoenix, is recognized as one of the largest specialty retailers of fresh, natural, and organic food in the U.S., operating approximately 380 stores across 23 states.