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Sprouts Farmers Market Reports Fourth Quarter and Full Year 2023 Results; Jack Sinclair Details

Sprouts Farmers Market Reports Fourth Quarter and Full Year 2023 Results; Jack Sinclair Details


PHOENIX, AZ
Friday, March 1st, 2024

A significant increase in net sales headlines Sprouts Farmers Market’s financial results for the 13-week fourth quarter and 52-week year ending December 31, 2023. Net sales for the fourth quarter totaled $1.7 billion, an 8 percent increase from the same period in 2022.

Jack Sinclair, Chief Executive Officer, Sprouts Farmers Market"Our fourth quarter performance demonstrates our continued strength as a leading specialty grocer. Our 2023 results exceeded our original expectations, with solid comparable sales each quarter, positive traffic, accelerating unit growth, and increasing customer engagement. I am confident our strategy and our passionate, dedicated team will continue to create shareholder value,” commented Jack Sinclair, Chief Executive Officer.

According to a press release, below are a few highlights from the fourth quarter:

  • Comparable store sales growth of 3.3 percent
  • Diluted earnings per share of $0.49 compared to diluted earnings per share of $0.42 in the same period in 2022
  • Opened six new stores

Sprouts Farmers Market recently reported the financial results for the 13-week fourth quarter and 52-week year, which exceeded original expectationsThe report also went over highlights from the full year 2023:

  • Net sales totaled $6.8 billion, a 7 percent increase from 2022
  • Comparable store sales growth of 3.4 percent
  • Opened 30 new stores, acquired 2 previously licensed stores, and closed 11 stores, resulting in 407 stores in 23 states as of December 31, 2023

To read more, click here.

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