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Sprouts Farmers Market

#1139

Rank

$16.36B

Marketcap

US United States

Country

Sprouts Farmers Market
Leadership team

Mr. Jack L. Sinclair (CEO & Director)

Mr. Lawrence P. Molloy (CFO & Treasurer)

Mr. Brandon F. Lombardi Esq., J.D. (Chief Legal Officer & Corp. Sec.)

Products/ Services
Food Processing
Number of Employees
20,000 - 50,000
Headquarters
Phoenix, Arizona, United States
Established
2002
Company Registration
SEC CIK number: 0001575515
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
SFM
Social Media
Overview
Location
Summary
Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care. As of January 2, 2022, it operated 374 stores in 23 states. Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona.
History

In 1943, Henry Boney opened a fresh-fruit stand in San Diego, California, which grew into a handful of open-air farmers markets. In 1969, his sons developed Boney's Market, which grew into a beloved community grocery store. By 1997, the family's unique set of small-box farmers-market grocery stores were renamed Henry's Farmers Market after their father. Sprouts Farmers Market was founded in 2002 in Chandler, Arizona, by members of the Boney family. In 2011, Henry's, Sun Harvest, and Sprouts came together again under Apollo Global Management and all were rebranded as Sprouts stores. In 2012, Sunflower was acquired and was also rebranded Sprouts. Sprouts became a public company traded on NASDAQ in 2013.Fortune included Sprouts on its list of the World's Most Admired Companies in 2018 and 2019.In 2021, Sprouts Farmers Market partnered with MyFitnessPal to provide food-related content support to the app, which included library of healthy recipes, health and fitness challenges, and food- and health-related articles.

Charitable giving

In 2015, Sprouts founded the Healthy Communities Foundation, which supports local health and wellness-related causes. Since then, the foundation has awarded more than $18 million to nonprofit partners across 23 states. In 2021, the foundation gave away more than $3million in grants to over 115 organizations.

Sustainability

Sprouts operates with a focus on the environment, product quality, supply chain transparency, team members, and local communities. As part of Sprouts' commitment to "zero waste", Sprouts participates in a food waste diversion program that provides food to those in need, feed for animals, and nutrients for agricultural soil. All edible food that is no longer fit for sale is donated to hunger-relief agencies, and food that is not fit for them is donated as cattle feed. Everything else is donated as compost. In 2019, the U.S. Environmental Protection Agency recognized Sprouts with several recognitions through its GreenChill program, a partnership with food retailers to reduce refrigerant emissions and decrease their impact on the ozone layer and climate change.

Mission
This isn't just a mission. It's our passion.
Vision
Sprouts Farmers Market's vision is to be the most trusted and beloved health and wellness destination for our customers.
Key Team

Mr. Gilliam D. Phipps (Sr. VP & Chief Marketing Officer)

Mr. J. Scott Neal (Chief Merchandising Officer)

Mr. Nicholas Konat (Pres & COO)

Mr. Stacy W. Hilgendorf (VP, Controller & Principal Accounting Officer)

Ms. Susannah Livingston (VP of Investor Relations & Treasury)

Ms. Alisa Gmelich (Sr. VP & Chief Marketing Officer)

Ms. Timmi Zalatoris (Sr. VP of HR)

Recognition and Awards
Sprouts Farmers Market was named one of Forbes' 2020 Best Employers for Diversity and named to Fortune’s 100 Best Companies to Work For in 2021 and has earned several recognitions from local and national organizations for its commitment to sustainable business practices.
References

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Sprouts Farmers Market
Leadership team

Mr. Jack L. Sinclair (CEO & Director)

Mr. Lawrence P. Molloy (CFO & Treasurer)

Mr. Brandon F. Lombardi Esq., J.D. (Chief Legal Officer & Corp. Sec.)

Products/ Services
Food Processing
Number of Employees
20,000 - 50,000
Headquarters
Phoenix, Arizona, United States
Established
2002
Company Registration
SEC CIK number: 0001575515
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
SFM
Social Media