PHOENIX, AZ - Having taken on a strategy of rapid store growth, new products, online engagement, and more, Sprouts Farmers Market is happy to report these undertakings are paying off in stride. Reporting its Q2 2017 financial results, the company has announced a 15% increase in its net sales and 10% increase in net income over last year.

“Sprouts’ accelerating comp sales and strong top-line growth during this competitive grocery environment demonstrates the power of our brand,” said Amin Maredia, Chief Executive Officer. “Strategic initiatives focused on product innovation, online customer engagement, and knowledgeable customer service are driving new store productivity and customer loyalty.”

Sprouts has been in the news making improvements to many of these sectors mentioned by Maredia in recent months, including expanding its online engagement through growing its partnership with Amazon Prime delivery, adding upwards of 13 new store locations, expanding its fresh distribution footprint through a new facility with Americold, and adding 2,000+ new employees in order to further enhance customer service.

If you look at the numbers, these strategies seem to be making an impact. Other highlights of Sprouts Q2 financial report include:

• Net sales of $1.2 billion; a 15% increase from the same period in 2016
• Comparable store sales growth of 1.4% and two-year comparable store sales growth of 5.5%
• Net income of $41 million; a 10% increase from the same period in 2016
• Diluted earnings per share of $0.29; a 16% increase from the same period in 2016
• Increased full-year sales, comps and EPS guidance for 2017

For more on the company as it continues on through its 2017 financial year, AndNowUKnow will have you covered.

Sprouts Farmers Market