PHOENIX, AZ - The first quarter results for natural and organic supermarket chain Sprouts Farmers Market are in. In the grocer’s latest financial update, Sprouts revealed that its net sales for the quarter rose to $1.9 billion, seeing a 9 percent increase from the same period in 2023.

"We were pleased with our impressive financial results this quarter, with strength in comparable store sales, traffic, and e-commerce," said Jack Sinclair, Chief Executive Officer of Sprouts Farmers Market. "These outcomes highlight the effectiveness of our strategy and the exceptional execution by our team members across the country. We are reinforcing our position as a leading specialty food retailer as we build new stores in line with our growth plans.”

The financial report covers the 13-week first quarter ended March 31, 2024, according to a press release. Other highlights demonstrating the chain’s Q1 growth include:

• Comparable store sales growth of 4 percent
• Diluted earnings per share of $1.12; compared to diluted earnings per share of $0.73 and Adjusted diluted earnings per share of $0.98 in the same period in 2023
• Opened seven new stores, resulting in 414 stores in 23 states as of March 31, 2024

Click here for more details.

As the retailer grows its physical footprint and retail prowess, AndNowUKnow will fill you in on the latest strategies and more.