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Sprouts Farmers Market

From Wikipedia, the free encyclopedia
American supermarket chain
Sprouts Farmers Market, Inc.
Sprouts Farmers Market, Westwood Blvd., Los Angeles, California
Company typePublic
NasdaqSFM
S&P 400 Component
IndustryRetail
GenreGrocery store, health food store
FoundedJuly 2002; 22 years ago (2002-07), in Chandler, Arizona, U.S.
Headquarters5455 E. High Street, #111, ,
United States
Number of locations
442 (2024)
Area served
24 states in the U.S.
Key people
ProductsGroceries
Services
Revenue Increase US$6.837 billion (2023) [1]
Decrease US350ドル million (2023)
Decrease US258ドル million (2023)
Total assets Increase US3ドル.327 billion (2023)
Total equity Increase US1ドル.148 billion (2023)
Number of employees
35,000[2]  (2020)
Websitesprouts.com

Sprouts Farmers Market, Inc., is a supermarket chain headquartered in Phoenix, Arizona. The grocer offers a wide selection of natural and organic foods, including fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat, poultry, seafood, deli, baked goods, dairy products, frozen foods, natural body care, and household items.[3] Sprouts employs 35,000 workers and operates more than 400 stores in 24 states.[4]

History

[edit ]

In 1943, Henry Boney opened a fresh-fruit stand in San Diego, California, which grew into a handful of open-air farmers markets. In 1969, his sons developed Boney's Market, which grew into a beloved community grocery store. By 1997, the family's unique set of small-box farmers-market grocery stores were renamed Henry's Farmers Market after their father. Sprouts Farmers Market was founded in 2002 in Chandler, Arizona by members of the Boney family.[5] [6]

In 2011, Henry's, Sun Harvest, and Sprouts came together again under Apollo Global Management, and all were rebranded as Sprouts stores.[7] In 2012, Sunflower was acquired and was rebranded Sprouts.[8] Sprouts became a public company traded on NASDAQ in 2013.[9]

Fortune included Sprouts on its list of the World's Most Admired Companies in 2018 and 2019.[10]

In 2021, Sprouts Farmers Market partnered with MyFitnessPal to provide food-related content support to the app, which included a library of healthy recipes, health and fitness challenges, and food- and health-related articles.[11] [12]

Charitable giving

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In 2015, Sprouts founded the Healthy Communities Foundation, which supports local health and wellness-related causes.[13] Since then, the foundation has awarded more than 18ドル million to nonprofit partners across 23 states.[14] In 2021, the foundation gave away more than 3ドル million in grants to over 115 organizations.[15]

Sustainability

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Sprouts operates with a focus on the environment, product quality, supply chain transparency, team members, and local communities.[16] As part of Sprouts's commitment to "zero waste", Sprouts participates in a food waste diversion program that provides food to those in need, feed for animals, and nutrients for agricultural soil. All edible food that is no longer fit for sale is donated to hunger-relief agencies, and food that is not fit for them is donated as cattle feed. Everything else is donated as compost.[17] In 2019, the U.S. Environmental Protection Agency recognized Sprouts with several recognitions through its GreenChill program, a partnership with food retailers to reduce refrigerant emissions and decrease their impact on the ozone layer and climate change.[18]

The store's use of the term farmers market has been criticized by local farmers and food sovereignty advocates for appropriating a term they believe should be reserved for direct-to-consumer sales venues.[19]

About

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Sprouts offers a selection of products that are minimally processed and free of artificial flavors, food coloring, preservatives, and synthetic ingredients. The company says that 90% of its products meet this standard.[20] [21]

Sprouts has its own private-label brand of products that includes more than 2,400 items.[22] Stores offer beef products that range from choice cuts to grass-fed. Each store's vitamins and supplements department typically includes about 7,500 products.[23] Produce makes up about a quarter of the business for Sprouts, and the stores carry around 200 varieties of organic produce.[24] One-third of the store stock is always on promotion.[25] [24]

Animal welfare concerns

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In April 2017, the network Direct Action Everywhere released the results of their investigation into Sprouts's cage-free egg supplier Morning Fresh Farms, including a video showing chickens that were injured or starving due to lack of food and water. The Phoenix Business Journal covered the investigation and included comments from Sprouts, stating that Morning Fresh Farms had provided assurance that the video was not reflective of the farm's cage-free facility.[26]

Store locations

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Sprouts has locations in Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Kansas, Louisiana, Maryland, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wyoming.[27]

References

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  1. ^ "Sprouts Farmers Market 2021 10K Report". U.S. Securities and Exchange Commission.
  2. ^ "Our Story" . Retrieved 2020年07月06日.
  3. ^ Hance, Mary. "12 things shoppers need to know about Sprouts Farmers Market". The Tennessean. Retrieved 2022年09月06日.
  4. ^ "Sprouts Farmers Market expected to open grocery store in Haddon Township". PhillyVoice. 2022年03月15日. Retrieved 2022年09月06日.
  5. ^ Riemenschneider, Pamela (June 12, 2018). "A timeline of Sprouts Farmers Market". Produce Market Guide. Retrieved April 27, 2023.
  6. ^ Cashman, Ryan (2022年07月21日). "Sprouts Farmers Market Had A Humble Beginning". Tasting Table. Retrieved 2023年09月22日.
  7. ^ Demos, Telis; Mattioli, Dana; Tan, Gillian (April 21, 2014). "Retailer Smart & Final Preparing IPO". Wall Street Journal. Retrieved May 2, 2022.
  8. ^ "Sunflower markets being bought out, will be Sprouts". tucson.com. March 10, 2012. Retrieved April 26, 2023.
  9. ^ "Our Story". Sprouts Corporate. Retrieved 2020年07月06日.
  10. ^ "Sprouts Farmers Market". Fortune. Retrieved 2019年09月11日.
  11. ^ "Sprouts Farmers Market Teams Up With MyFitnessPal". Progressive Grocer. 14 July 2021. Retrieved 2022年09月22日.
  12. ^ "Sprouts becomes MyFitnessPal's first retail partner". Supermarket News. 2021年07月14日. Retrieved 2022年09月22日.
  13. ^ "Sprouts Awards 1ドル.6M to Health-focused Nonprofits". ProgressiveGrocer. 2016年10月18日. Retrieved 2016年11月22日.
  14. ^ "Sprouts Foundation Taking Applications For Neighborhood Grants Program". Shelby Report. 2020年05月22日. Retrieved 2020年07月06日.
  15. ^ Packer, Peggy (October 20, 2021). "Sprouts Healthy Communities Foundation Donates 3ドルM in Grants to Strengthen Local Food Systems and Nutrition Education; Jack Sinclair and Lyndsey Waugh Share".
  16. ^ "Sustainability". Sprouts Corporate. Retrieved 2019年09月11日.
  17. ^ "Environment". Sprouts Corporate. Retrieved 2019年10月31日.
  18. ^ US EPA, OA (2019年09月11日). "EPA Applauds the Smart Refrigerant Management by Weis Markets and Supermarkets Across America". US EPA. Retrieved 2019年09月11日.
  19. ^ "Harford grower takes issue with grocery using farmers market term". 2019年08月02日. Archived from the original on 2023年01月15日.
  20. ^ Murphy, Cat. "Healthy choices ripe for the picking at Sprouts Farmers Market". The Murfreesboro Post. Retrieved 2017年11月09日.
  21. ^ "Sprouts Farmers Market Delivers a Health Wave: True Sea Moss Now In-Store!". youthhealthmag.com. 2024年08月06日.
  22. ^ Taylor, Natalie (October 23, 2018). "Sprouts to Open 30 New Stores in 2019". www.winsightgrocerybusiness.com. Retrieved December 6, 2018.
  23. ^ "12 things shoppers need to know about Sprouts Farmers Market". The Tennessean. Retrieved 2017年11月06日.
  24. ^ a b Griffin, Justine (21 February 2017). "Tampa Bay's first Sprouts Farmers Market opens Wednesday". Tampa Bay Times. Archived from the original on 2017年02月22日. Retrieved 2020年01月09日.
  25. ^ "Here's a look inside Sprouts Farmers Market at Lincoln Square". Phillyvoice. 18 September 2018. Retrieved 2018年12月06日.
  26. ^ Totten, Steven (18 April 2017). "Investigation finds starving chickens at Sprouts Farmers Market egg supplier". Phoenix Business Journal. American City Business Journals. Retrieved 24 April 2017.
  27. ^ "Find a Store". Sprouts Farmers Market. 19 December 2017. Retrieved April 26, 2023.
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