Analyzing the Impact of Sprouts Farmers Market on the Business Landscape

Sprouts Farmers Market’s “2023 Impact Report” highlights the company’s achievements over the past year, including the promotion of 21% of team members and the creation of 3,000 new jobs. The report focuses on the company’s goals of curating Impactful Products, ensuring a Thriving Planet, developing Purposeful People, and supporting Healthy Communities.

In terms of team development, Sprouts Farmers Market promoted 21% of its 32,000 team members and created 3,000 new jobs. Additionally, 64% of store manager positions were filled with internal candidates, $21 million in bonuses were paid to field associates, and 17,000 leadership training hours were delivered.

Key highlights from the report include 19% of total sales coming from fruits and vegetables, $3.3 billion in sales of products with social or environmental attributes, a 30% organic sales penetration in Sprouts brand products, and $225 million in local produce sales from a network of 170 farmers. The company also set a target to reduce carbon emissions intensity by 25% per square foot in operations by 2033 and achieved a significant milestone by avoiding 130 million single-use bags. Furthermore, Sprouts achieved a 70% landfill diversion rate.

Sprouts Farmers Market has made significant contributions to Healthy Communities as well. The company provided nutrition education programs for more than three million children and donated over thirty-seven million pounds of food to food banks across the country. Additionally, Sprouts associates volunteered over five thousand hours in their communities and gave more than twenty million dollars to local nonprofit partners since 2015.

Based in Phoenix, Arizona with about thirty-two thousand associates working across more than four hundred stores nationwide in twenty-three states

By Samantha Johnson

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