Sprouts Farmers Market

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At Sprouts Farmers Market, we believe that goodness grows from the ground up! That’s why we’ve been making the highest-quality, fresh foods accessible to all since 1943.?We’ve stayed true to our farm-stand heritage by offering a unique grocery experience featuring an open layout with fresh produce at the heart of our store. You’ll explore wellness?naturally, with a?thoughtfully curated?assortment of better-for-you products cared for by purpose-driven people.? Headquartered in Phoenix, and one of the fastest-growing retailers in the country, Sprouts employs approximately 35,000 team members and operates more than 350 stores in 23 states nationwide. Our purpose-driven culture focuses on training, education, and professional growth. Our wages are competitive, we offer quarterly store bonuses, and the average tenure before a promotion is less than one year. In 2019, 28% of all our team members were promoted. With a plan to expand across the country and grow more than 30 stores a year, Sprouts provides ample career and growth opportunities.

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3.4

Overall Excellence Rating

Industry

Retail

Category

Food & Beverages

ESG/Ethical Impact

We talk a lot at Sprouts about ‘doing well by doing good.’ To us this means executing on our strategy and delivering value to our owners while doing the right thing for all stakeholders–our team members, customers, communities, vendor partners, and the planet we all share. We do not believe in sacrificing one for any other, and the success we saw in 2022 is a demonstration of this philosophy in action. Our 31,000+ team members drove our strategic priorities forward and delivered another year of strong growth and financial performance. Equally as rewarding, we accelerated our environmental, social, and governance initiatives across the business. As you’ll read in more detail in this report, 2022 was a banner year for our key ESG focus areas. We made meaningful strides in fostering our culture of caring and inclusion while also investing heavily in our team members’ career development and financial, physical, and mental well-being. We sourced more innovative products that meet our target customers’ desire for healthy, attribute- based foods that have a lower environmental impact and higher societal benefit. We worked with more small and minority- and women-owned businesses, building upon our reputation as a truly unique brand incubator in the healthy food space. We reduced more food waste and donated more meals to those in need than any year in our company’s history. We funded more nutrition education programs for children in underserved communities than ever before. We committed to removing single use plastic and paper bags at checkout by the end of 2023, which is already paying dividends for the planet as of the publication of this letter. And we made progress in understanding our carbon emissions profile which will lead to carbon reduction target setting in due course. There is, of course, a great amount of detail behind all of this work and I encourage you to read the following pages to learn more. I am delighted that Sprouts is being recognized for its ESG efforts by reputable agencies such as MSCI, which ranked Sprouts as a ‘AAA’ rated leader in the space, and Corporate Knights which ranked Sprouts as one of the 100 Most Sustainable Corporations in the World. I am incredibly proud of the work the teams across the business are doing to make our ESG work come alive, and I hope you find that this report reflects our dedication to continue building upon our efforts. We carried the momentum from 2022 into 2023 and I am confident we will continue to leverage our unique strengths to deliver even more value to our stakeholders well into the future.

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Awards Received

2023

Revenues

$6,400,000,000.00

Website Traffic

Employee Rating

3.1

Customer Rating

3

Company Size

10000+

ESG Risk Rating

4

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