Sprouts Farmers Market

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Sprouts Farmers Market, Inc.
Public
Traded as NASDAQSFM
S&P 400 Component
Industry Grocery store, Health food store
Founded July 2002
Headquarters 5455 E. High Street, #111,
Phoenix, Arizona
, United States
Area served
Alabama, Arizona, California, Colorado, Florida, Georgia, Nevada, Kansas, Maryland, Missouri, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Utah
Key people
  • Amin Maredia (CEO)
  • Brad Lukow (CFO)
Products Groceries, food, organic food, vitamins and dietary supplements
Revenue US$3.59 billion (2015)
US$134.7 million (2015)
Number of employees
27,000+
Website www.sprouts.com

Sprouts Farmers Market, Inc. is an American supermarket chain headquartered in Phoenix, Arizona, USA. The stores are full-service and emphasize 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. The chain was created to respond to consumers’ growing demand in health and wellness.[1] Sprouts employs more than 27,000 individuals and operates more than 280 stores in 15 states from coast to coast, primarily in the southern tier of states.[2] A typical Sprouts Farmers Market store is around 30,000 square feet.[3] Sprouts is traded on the NASDAQ as SFM.[4]

Products[edit]

Sprouts Farmers Market aims to sell products that are minimally processed and free of artificial flavors, colors, preservatives and synthetic ingredients. The company says that 90% of its products meet this standard.[5] The company sells many USDA-certified organic foods and products that aim to be environmentally friendly and ecologically responsible.

Sprouts has their own private label brand of products, featuring more than 1,800 items.[6] Sprouts offers beef products that range from choice cuts to grass-fed.[7] Sprouts has a large Vitamins & Supplements department with more than 7,500 products.[3] Produce makes up approximately a quarter of the business for Sprouts and the store carries around 200 varieties of organic produce.[7]

Charitable giving[edit]

In 2015, Sprouts founded the Healthy Communities Foundation, which supports local health and wellness related causes.[8] In 2017, the Healthy Communities Foundation awarded $2.2 million to nonprofit organizations.[9] Sprouts has a Food Rescue program that donates edible, unsold groceries to local food banks.[2] Sprouts donated more than 19 million pounds of unsold groceries through their Food Rescue program in 2016.[2]

Sustainability[edit]

Sprouts is committed to making their stores “Zero Waste” by 2020.[10]

Animal product concerns[edit]

In April 2017, a group of activists organized under the network Direct Action Everywhere (DxE) released an investigation into cage-free Sprouts egg supplier Morning Fresh Farms on social media platform NowThis.[11] Sprouts disputed the accuracy of the video, which showed mass starvation and dehydration at the farm.[12]

See also[edit]

References[edit]

  1. ^ "Consumers demand healthier ingredients". Retrieved 2016-09-22. 
  2. ^ a b c "Sprouts Farmers Market comes to Maryland". WTOP. 2017-10-05. Retrieved 2017-11-06. 
  3. ^ a b "12 things shoppers need to know about Sprouts Farmers Market". The Tennessean. Retrieved 2017-11-06. 
  4. ^ "SFM Stock Price & News - Sprouts Farmers Market Inc. - Wall Street Journal". quotes.wsj.com. Retrieved 2016-09-22. 
  5. ^ MURPHY, CAT. "Healthy choices ripe for the picking at Sprouts Farmers Market". The Murfreesboro Post. Retrieved 2017-11-09. 
  6. ^ Sharrow, Ryan (4 October 2017). "Sprouts Farmers Market picks Ellicott City for first Maryland store"Free access subject to limited trial, subscription normally required. Baltimore Business Journal. American City Business Journals. Retrieved 6 November 2017. 
  7. ^ a b "Tampa Bay's first Sprouts Farmers Market opens today". TBO.com. 21 February 2017. 
  8. ^ "Sprouts Awards $1.6M to Health-focused Nonprofits". ProgressiveGrocer. 2016-10-18. Retrieved 2016-11-22. 
  9. ^ "Sprouts Healthy Communities Foundation Awards $2.2M To Nonprofits". Shelby Report. 2017-10-26. Retrieved 2017-11-06. 
  10. ^ "Sprouts to Add 30 Stores in 2018 | Gourmet Retailer". gourmetretailer.com. Retrieved 2017-11-06. 
  11. ^ "NowThis". www.facebook.com. Retrieved 2017-04-24. 
  12. ^ Totten, Steven (18 April 2017). "Investigation finds starving chickens at Sprouts Farmers Market egg supplier". Phoenix Business Journal. American City Business Journals. Retrieved 24 April 2017. 

External links[edit]