Sprouts Farmers Market
#1139
Rank
$16.36B
Marketcap
United States
Country
Mr. Jack L. Sinclair (CEO & Director)
Mr. Lawrence P. Molloy (CFO & Treasurer)
Mr. Brandon F. Lombardi Esq., J.D. (Chief Legal Officer & Corp. Sec.)
Summary
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
Vision
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
References
https://en.wikipedia.org/wiki/Sprouts_Farmers_Market
https://in.investing.com/equities/sprts-frmr
https://finance.yahoo.com/quote/SFM/profile?p=SFM
https://www.comparably.com/companies/sprouts-farmers-market/mission
https://www.crunchbase.com/organization/sprouts-farmers-markets
https://sec.report/CIK/0001575515
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Mr. Jack L. Sinclair (CEO & Director)
Mr. Lawrence P. Molloy (CFO & Treasurer)
Mr. Brandon F. Lombardi Esq., J.D. (Chief Legal Officer & Corp. Sec.)