Sprouts Farmers Market is pleased with its strong performance in the third quarter. For the period ending September 29, 2024, the retail chain reported an increase in net sales, reaching $1.9 billion.
"The third quarter was another exceptional performance by our Sprouts team," commented Jack Sinclair, Chief Executive Officer, in a release. "We are driving robust traffic growth and continue to execute at a very high level. We remain confident in our long-term growth potential."
The retailer shared several highlights in the report, including comparable store sales growth of 8 percent. Another factor lending to the company’s strong performance was the opening of nine new stores, bringing the retailer’s total footprint to 428 stores in 23 states.
Sprouts Farmers Market has forecast comparable store sales growth of 8 to 10 percent as it looks to the fourth quarter, a press release explained.
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.
To take a deeper dive into the company’s performance, click here.
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