The natural and organic grocer reported last week better-than-expected third quarter results and said it opened ten new stores during the quarter, for a total of 401 locations in 23 states.
Sprouts, which recently confirmed plans to open six more stores in the Philadelphia area is on track to open some 30 stores this year. And it’s upping the total next year.
“Our pipeline remains strong with nearly 100 approved stores, 60 executed leases and the expected opening of approximately 35 stores in 2024, with close to 70 per cent in the back half,” CEO Jack Sinclair said during the company’s earnings call.
Sprouts new stores are in keeping with the chain’s smaller-format design concept, which features an approximate 23,000sq ft footprint. The space offers a farmer’s market experience with an open layout, community feel and produce at the heart of the market.
