Sprouts Farmers Market has been enjoying continued growth in stores and sales in recent months. The company reported $1.9 billion in net sales for the second quarter of 2024, representing a 12% increase year over year. In addition, comparable store sales grew 6.7%, and gross profit was over $718 million.
For the first two quarters of the year, net sales were over $3.7 billion and gross profits were just over $2.3 billion. Both figures are healthy increases over the same numbers from one year ago.
Sprouts opened five new stores during Q2 2024 and expects to have 35 new locations by the end of the year. As of early July, the company had 417 locations in the U.S.
