Sprouts Farmers Market reported a strong fourth quarter and full year as it continues to expand its store footprint.
The fresh, natural and organic foods grocer opened 33 new stores in 2024 (including its first-ever location in Wyoming), for a total of 440 stores in 24 states. It plans to open “at least” 35 new stores in 2025, including several locations in Florida. (Locations listed at end of article.)
Sprouts reported earnings per share of $0.79 for the quarter ended Dec. 29, compared to earnings per share of $0.49 in the year-ago period. Net sales jumped 18% to $2.0 billion. Comparable store sales increased 11.5%.
For the full year, Sprouts reported earnings per share of $3.75, compared to earnings per share of $2.50 and adjusted earnings per share of $2.84 in the same period in 2023. Net sales rose 13% to $7.7 billion. Comparable store sales were up 7.6%
“2024 was a remarkable year for our company,” said Jack Sinclair, CEO of Sprouts Farmers Market. “Our teams across the business delivered on our strategy and set us up for even greater success in the future. Our unique, attribute-driven offering resonates more than ever with our target customers.”
For 2025, Sprouts expects net sales growth of 10.5% to 12.5%, with comparable store sales growth
