Natural Foods Grocer Sprouts Farmers Market Plans to Open Seven New Stores in Next Two Months | Trade and Industry Development

Natural Foods Grocer Sprouts Farmers Market Plans to Open Seven New Stores in Next Two Months

Share
Jan 12, 2024
Natural and organic foods grocer Sprouts Farmers Market is set to open seven new stores in the next two months and about 35 stores overall in 2024.

Natural and organic foods grocer Sprouts Farmers Market is set to open seven new stores in the next two months and about 35 stores overall in 2024. This past fall, Sprouts celebrated the opening of its 400th store, in Haddon Township, N.J. 

As part of a five-year plan, the company is aiming to expand 10% year over year, reports Chain Store Age. The upcoming new stores will keep the company’s smaller-format design concept, which features a footprint of about 23,000 square feet.

For its third quarter, ended Oct. 1, Sprouts’ net sales rose 7.6% to $1.7 billion from the year-ago period. Comparable store sales grew 3.9%, CSA reports.

“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% in the back half,” CEO Jack Sinclair said during the company's third-quarter earnings call in October.

So far for 2024, Sprouts has said it will open stores in:

  • Port Charlotte, Fla. (Friday, Jan. 12)
  • Miami-Coconut Grove, Fla. (Friday, Jan. 19)
  • Burtonsville, Md. (Friday, Jan. 19)
  • Cudahy, Calif.  (Friday, Feb. 16)
  • Bakersfield, Calif. (Friday, March 1)
  • Victorville, Calif. (Friday, March 15)
  • Rockwall, Tex.  (Friday, March 15)

In addition, Sprouts plans to open six more stores in the Philadelphia area, the Philadelphia Business Journal reported in October. The expansion would bring the chain’s store count to 11 in a two-year span. 

Phoenix-based Sprouts operates approximately 400 stores in 23 states, including Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Kansas, Louisiana, Maryland, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia and Washington.

(Click to Expand)