Sprouts Farmers Market isn’t letting up on expansion: It has over 100 approved new stores in the pipeline.
The fresh, natural and organic foods grocer will also be busy between now and December, opening 21 stores during the next several months. The openings are in line with Sprouts’ previously announced goal of opening 35 new locations during its current fiscal year, with more than half of the remaining openings scheduled for the fourth quarter.
“Despite the challenging development environment, the real estate team is doing a terrific job,” Sprouts CEO Jack Sinclair told analysts on the company’s second quarter earnings call in July. “Given the success of our new stores, we are dedicated to expanding our brand with over 110 approved new stores and more than 70 executed leases in the pipeline for the next few years.”
Sprouts Farmers Market operates more than 415 stores in 23 states nationwide.
