Sprouts Farmers Market, Inc.

Sprouts Farmers Market operates as a specialty grocery retailer, providing a unique shopping experience with an open layout that prioritizes fresh produce. The company offers a curated selection of better-for-you products, including organic, plant-based, and gluten-free options. Founded in 2002, Sprouts Farmers Market has expanded its sales, store count, and profitability. As of December 28, 2025, the company is headquartered in Phoenix and operates 477 stores across 24 states, positioning itself as one of the largest and fastest-growing specialty retailers of fresh, natural, and organic food in the United States. The company's growth strategy includes targeting 'health enthusiasts' and 'selective shoppers' by offering a unique assortment of quality products and a full omnichannel experience through its website or the Sprouts app for delivery or pickup. From 2021 through 2025, Sprouts Farmers Market opened 112 new stores and remodeled one store with an updated format. The company aims for approximately 10% annual unit growth through market expansion with smaller stores. Sprouts Farmers Market is also developing its supply chain, intending to position fresh distribution centers within a 250-mile radius of stores to enhance fresh offerings, increase local products, and improve financial results.