As of Apr 2, 2017, the company operated 261 stores in 13 states.
In fiscal 2016, the company opened 36 new stores. In fiscal 2017, the company plans to open 32 new stores. During the first quarter of fiscal 2017, the company opened 8 stores. The company plans to achieve 14% or more annual new store growth over at least the next five years, and believes the US market can support approximately 1,200 Sprouts Farmers Market stores operating under the current format, including 400 stores in states which the company currently operates.
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 27,900 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.
|Total gross square feet (M)||7,313||7,070||5,977||5,253||4,583||4,065|
|Total gross square feet growth||15.9%||18.3%||13.8%||14.6%||12.7%||49.4%|
|Avg store gross sq ft||28,000||27,900||27,500||27,500||27,400||27,500|
|Avg store gross sq ft growth||1.2%||1.5%||0.1%||0.2%||-0.1%||4.0%|
Notes:reflects acquisition of 37 Sunflower Farmers Market stores in 2012 and 56 Sprouts Arizona stores in 2011