Sprouts Farmers Market, Inc.

Sprouts Farmers Market, Inc. (NASDAQ: SFM) operates a chain of specialty grocery stores featuring fresh, natural, and organic foods with a distinctive farmers market-style retail format. The company's website is www.sprouts.com.

As of December 28, 2025, Sprouts operates 477 stores across 24 states, making it one of the largest and fastest-growing specialty retailers of fresh, natural, and organic food in the United States. The company was founded in 2002 and is headquartered in Phoenix, Arizona, with more than 36,000 team members.

Sprouts' core business centers on offering a curated assortment of better-for-you products with lifestyle-friendly ingredients including organic, plant-based, and gluten-free options. The company's product mix comprises perishables at 57 percent of sales, including produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives, with non-perishables representing 43 percent of sales, including packaged groceries, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care. Sprouts Brand products represent just over 25 percent of revenue and feature differentiated, attribute-driven offerings exclusive to the company's stores.

The company distinguishes itself through a unique store design that positions produce at the center of the store, typically dedicating approximately 20 percent of selling square footage to produce. Stores average 28,000 square feet, with newer format stores ranging from 21,000 to 25,000 square feet. This smaller box format reduces construction and occupancy costs while maintaining the company's farmers market heritage and treasure hunt shopping experience.

Sprouts' competitive advantages include strong relationships with produce suppliers, a decentralized purchasing structure enabling local and regional sourcing flexibility, and an expanding network of six fresh distribution centers strategically positioned to serve stores within a 250-mile radius. The company sources products from hundreds of vendors domestically and internationally, with KeHE Distributors accounting for approximately 52 percent of total purchases. In 2025, Sprouts launched more than 7,000 new products and operates a nationwide Sprouts Rewards loyalty program to enhance customer engagement and personalization.