Sprouts Farmers Market Eyes 26 Percent Increase in Net Sales


Tue. March 25th, 2014 - by Jordan Okumura-Wright

<p> Sprouts Farmers Market is estimating a huge boost in its net sales for the first quarter. Net sales are expected to <B>increase by 26%</b> to $720 million, compared to $573.7 million in its first quarter last year thanks to strong performance in new stores and comparable store sales growth, according to a press release.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p> As previously reported by AndNowUKnow, Sprouts has also seen record performing sales overall for 2013, reporting net sales of $608.2 million, a 27% increase from the same period in 2012. Consequently, the company was able to finally cross the $2 billion sales milestone. Not only that, but Sprouts has continued powering through with its expansion plans, noting that it will bring its line of fresh, organic produce to the Southeast with approximately 15 new stores within the next three years. </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.andnowuknow.com/buyside-news/sprouts-farmers-market-expand-metro-atlanta-and-las-vegas/11070/christofer-oberst" target="_new"> Sprouts’ Expansion </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p> With these boosts in sales and its confidence in further expansion, the potential for a possible merger between Sprouts and The Fresh Market only continues to grow. Last time, we reported that Sprouts and The Fresh Market’s marketing areas are <B>starting to overlap</b>. As Sprouts begins exploring a new, untapped region, will increasing competition from The Fresh Market and other similar retailers strike up a potential deal between the two companies? Find out in the link below...</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.andnowuknow.com/buyside-news/how-will-sprouts-farmers-markets-expansion-southeast-influence-fresh-markets-market-share/11085/christofer-oberst" target="_new"> Sprouts and Fresh Market Possibilities </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p> Although Sprouts’ future plans remain to be seen, this is definitely one retailer we should all keep an eye on as it continues growth and expansion into new markets. </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://investor.sprouts.com" target="_new"> Sprouts Farmers Market</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">