Strong Same-Store Sales Boost Sprouts Farmers Market In Q4

Sprouts Farmers Market closed out its fiscal year with a strong fourth quarter that included double-digit growth in comparable store sales.

For the quarter ended December 29, total sales were $2 billion, an increase of 18% over the comparable quarter the previous year. Net income was $79.6 million, or $0.79 per diluted share, up from net income of $50 million, or $0.49 per diluted share, in the same quarter the prior fiscal year.

Comparable sales in the quarter were up 11.5%, and the grocer opened 12 new stores.

“2024 was a remarkable year for our company,” said Jack Sinclair, chief executive officer of Sprouts Farmers Market. “Our teams across the business delivered on our strategy and set us up for even greater success in the future. Our unique, attribute-driven offering resonates more than ever with our target customers. They trust Sprouts as a partner on their healthy living journey, and it shows in our results.”

For the full year ended December 29, net sales were $7.7 billion, up 13% over the previous fiscal year. Net income was $380.6 million, or $3.75 per diluted share, up from net income of $258.9 million, or $2.50 per diluted share in the prior fiscal year.

Annual comparable store sales were up 7.6% and the company opened 33 stores in 2024, bringing its total to 440 locations in 24 states as of December 29.

For the first quarter of 2025, the company is forecasting sales growth of between 10% and 11%. For the full year, Sprouts expects sales to grow between 10.5% and 12.5% with comparable store sales growth of between 4.5% and 6.5%. The grocer will open at least 35 new stores this year.