PHOENIX, AZ - Sprouts Farmers Market is celebrating growth in several forms as it looks back on a successful quarter with the release of its 13-week third-quarter financial report. For the period ending September 29, 2024, the retail chain reported an increase in net sales, reaching $1.9 billion for the quarter.
"The third quarter was another exceptional performance by our Sprouts team," said Jack Sinclair, Chief Executive Officer. "We are driving robust traffic growth and continue to execute at a very high level. We remain confident in our long-term growth potential."
Sprouts shared several other highlights in the report, including comparable store sales growth of 8 percent. Also strengthening its third quarter performance was the opening of nine new stores, bringing the retailer’s total footprint to 428 stores in 23 states.
As the company looks toward Q4, Sprouts has forecasted comparable store sales growth of 8 to 10 percent, according to a press release. For the full year, the retailer’s outlook includes approximately 12 percent net sales growth, approximately 7 percent comparable store sales growth, and 33 new stores.
For a deeper look at the company’s Q3 performance, click here.
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