Sprouts Farmers Market is a specialty retailer of natural and organic food, offering bulk foods, vitamins and supplements, grocery, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. As of Aug 1, 2018, the company operated 305 stores in 17 states. As of Aug 1, 2018, the company operated 305 stores in 17 states. In 2017, the company opened 32 new stores. Year-to-date, the company opened 20 new stores as of Aug 1, 2018. The company intends to open approximately 30 new stores annually over the near term, with approximately 60-65% in existing markets. All stores are leased, for an initial 10 to 15 year term with four renewal options of 5 years each. New stores are generally between 28,000 and 30,000 square feet, overall average approximately 28,300 square feet, and are located in a variety of mid-sized and larger shopping centers, lifestyle centers and in certain cases, independent single-unit, stand-alone developments.
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