MARKET COMPOSITE
SFM - Sprouts Farmers Market Inc6:01:12 PM 4/16/2024
Price
$62.35
+ 0.03 (0.05%)
Sprouts Farmers Market, Inc., is a supermarket chain headquartered in Phoenix, Arizona, US. The grocer offers a wide selection of natural and organic foods, including fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, natural body care and household items. Sprouts employs more than 35,000 workers and operates more than 340 stores in 23 states. A typical store is around 30,000 square feet. Fortune included Sprouts on its list of the World's Most Admired Companies in 2018 and 2019. In 1943, Henry Boney opened a fresh fruit stand near La Mesa, California, which grew into a handful of open-air farmers markets. In 1969, his sons developed Boney's Market, which grew into a beloved community grocery store. By 1997, the family's unique set of small-box farmers market grocery stores were renamed Henry's Farmers Market after their father. Sprouts Farmers Market was founded in 2002 in Chandler, Arizona by members of the Boney family. In 2011, Henry's, Sun Harvest and Sprouts came together again under Apollo Global Management and all were rebranded as Sprouts stores. In 2012, Sunflower was acquired and was also rebranded Sprouts. Sprouts became a public company traded on NASDAQ in 2013.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue1.7B-1%
Gross Profit620.4MM-1%
Cost Of Revenue1.1B-1%
Operating Income69.4MM-21%
Operating Expenses550.9MM-
Net Income50MM-23%
G&A513.5MM+2%
Amortization32.1MM+1%
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