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Wednesday, Jun 7, 2023

Sprouts Opens Store in Lancaster

Sprouts Farmers Market Inc. has opened a new store in Lancaster.

Lancaster Mayor R. Rex Parris said he was thrilled to welcome the Sprouts brand to the city, adding that it not only provides access to fresh food options, but also creates job opportunities for its residents.

“Lancaster continues to grow and attract businesses that enhance the quality of life for our citizens, and Sprouts Farmers Market is a testament to that progress,” Parris said in a statement. The store is located at 43668 15th St. West.

According to the company, which is based in Phoenix, it operates 395 stores in 23 states. In the Antelope Valley, Sprouts also has a store in Palmdale.

The Lancaster store will sell produce from local sources, including fresh fruits and vegetables from ECO Farms, a citrus and avocado grower in Temecula; G&M Farms Inc., in Selma; and George Perry and Sons, based in Manteca.

The Sprouts’ Food Rescue program will donate groceries from the store that are no longer fit for sale but remain perfectly edible and nutrient- rich to Second Harvest of the Greater Valley, which is based in Manteca.

The opening of the new store coincides with the latest earnings report from the company.

For its fiscal first quarter, Sprouts reported on May 1 adjusted net income of $103 million (98 cents a share) for the period ending April 2, compared with adjusted net income of $88 million (79 cents) in the same period a year earlier. Revenue increased by 6% from the fiscal first quarter of the prior year to $1.7 billion.

Jack Sinclair, chief executive of Sprouts, said he was pleased with the results.

“We believe our long-term growth strategy is gaining traction and driving positive performance,” Sinclair said in a statement. 

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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