Employee Investment Pays Off For Sprouts
On its most recent earnings call, Sprouts Farmers Market drove home the message that increased focus on its employees has helped contribute to strong performance during both quarter four of fiscal 2017 and the full year, and that it plans to continue investing in its associates.
“Despite an overall deflationary environment and disruptive headlines during the year, our laser focus on our priorities around product innovation, enhancing customer experiences both in and out of store, and investments in our team members drove solid performance in 2017,” said Amin Maredia, Sprouts CEO.
In 2017, Sprouts opened 32 new stores – three of them, all in California, during Q4 – and in 2018, it expects to open 30 more. It operated 285 stores in 15 states at the end of the fiscal period.
Read more about Sprout’s financial results on Progressive Grocer, Gourmet Retailer’s sister publication.