Healthy Grocery Chains are taking over US consumers. Sprouts Farmers Market 123% post IPO stock price jump.
03 August, 2013
A rapidly growing consumer demand for healthy organic food has brought another “healthy food retail giant” to the market. On July 31, 2013 Sprouts Farmers Market IPO gave a fast jump in stock price of about 123%. The veteran of natural & healthy grocery stores Whole Foods Market in 2007 has sold its Henry’s stores (that was eventually purchased by Apollo Management) and by doing that gave a boost to today’s success of the Sprouts Farmers Market IPO and overall growth. Most probably Whole Foods unintentionally created itself a strong competitor. The current majority owner of the Sprouts Farmers Market – Apollo Management bought Sprouts in 2011, that transaction has reunited two chains that were founded by the same family. That was a family reunion of 106 stores in California, Arizona, Texas, and Colorado.
In 2012, Sunflower Farmers Market joined Sprouts with 35 stores in Nevada, Utah, New Mexico, Oklahoma and four original states of Sprouts and Henry’s.
By the new year of 2013, Sprouts Farmers Market had grown to about 150 stores and nearly 11,000 employees in eight states!