Sponsored By

Sprouts to expand partnership with Amazon Prime Now despite Whole Foods purchase

Grocer reports rise in sales for Q2 2017

Dan Orlando, Reporter

August 3, 2017

1 Min Read
sproutsdanstory.jpg
Sprouts Farmers Market

Sprouts Farmers Market Inc. confirmed plans to expand its relationship with Amazon Prime Now today during the company’s earnings call for the second quarter ending July 2.

“Our partnership with Amazon Prime Now continues to grow,” Sprouts CEO Amin Maredia said. “‘We will be delivering Sprouts products through the Prime Now service to over 20 locations across many of our major markets by year end.”

AmazonPrime_color_white.jpgSprouts initially launched the partnership with a 10-store test run, though there was speculation that Amazon’s acquisition of Whole Foods could damper the union’s future. The latest addition to the partnership is the Atlanta metro-area.

Sprouts also reported a 1.4% year-over-year rise in comparable-store sales and a net sales figure of $1.2 billion for the quarter, which is a 15% climb from the second quarter of 2016.

Net income is also up from this time last year, rising 10% to hit $41 million.

“Sprouts’ accelerating comp sales and strong top-line growth during this competitive grocery environment demonstrates the power of our brand,” Maredia said in a prepared statement. “Strategic initiatives focused on product innovation, online customer engagement and knowledgeable customer service are driving new store productivity and customer loyalty.”

The Phoenix-based Sprouts operates more than 260 stores across 15 states.

About the Author

Dan Orlando

Reporter

From the New York office, Dan Orlando covers both the restaurant and supermarket sectors of the food industry. Writing for both Nation’s Restaurant News and Supermarket News, Dan joins Penton after spending several years covering commercial real estate.

Contact Dan Orlando at [email protected]

Follow him on Twitter: @danAMX

Stay up-to-date on the latest food retail news and trends
Subscribe to free eNewsletters from Supermarket News

You May Also Like