Sprouts hopes to grow from 450 stores to about 1,400
Fast-growing grocery chain Sprouts Farmers Market has its sights set on opening stores from coast to coast, which would more than triple its location count.
The Phoenix-based retailer surpassed 450 stores in 24 states this year and hopes to eventually reach 1,400 stores throughout the U.S, its CEO Jack Sinclair said Monday during a presentation at the Groceryshop conference in Las Vegas. Sinclair did not share how long it could take to reach that potential scale. Over the past few months, Sprouts opened new stores in Utah, Texas, Tennessee and Maryland, among others. It plans to open at least 35 new stores by the end of this year.
The retailer is growing financially, as well, with an 18% increase in net sales to about $4.5 billion in the first half of the year, according to financial statements. Its net income grew from just over $209 million in the first half of 2024 to almost $314 million a year later.