In its latest earnings release, Sprouts Farmers Market reported fourth quarter net sales of $608.2 million, a 27% increase from the same period in 2012. Sales were driven by improved same-store sales and strong performance in 19 newly opened stores in 2013. Thanks to these outstanding sales, the company has finally crossed the $2 billion sales milestone.
“Driven by our best-in-class people, products, and prices, Sprouts reported its 27th consecutive quarter of positive same store comps, and an impressive 27% increase in net sales for the quarter,” said Doug Sanders, President and CEO.
For the full year, Sprouts reported net sales of $2.44 billion, a 36% increase compared to reported net sales and a 22% increase compared to pro forma net sales in 2012.
“This record performance, in our first year as a public company, demonstrates Sprouts’ ability to create value, build trust, and deliver on our strategy to successfully grow our company,” continued Sanders.
In the company’s earnings call, Sanders noted, “Our new stores continue to perform above expectations, grow niche customers each week as the Sprouts brand continues to gain recognition.”
As of 1:13 pm EST, Sprouts’ shares rose $2.11, or 5.63%, to $39.57.
Congratulations on your successful year, Sprouts!
