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History

 

Sprouts Farmers Market, Inc. was founded by members of the Boney family, long-time San Diego grocers with a focus on making fresh foods affordable. The company opened its first store in Chandler, Ariz. in 2002 with abundant produce and thousands of natural, organic and great-tasting foods at remarkably low prices.

The Sprouts story continued with a period of rapid growth through acquisitions and new store development. In 2011, Sprouts joined with Henry's Holdings, which ran 35 Henry's Farmers Markets stores and eight Sun Harvest Market stores. A year later, the company bought Sunflower Farmers Market, which ran 37 stores.

Sprouts became a public company traded on the NASDAQ Stock Market in August, 2013. In 2014, Sprouts expanded into the Southeast by adding new stores in Georgia. This year, Sprouts is opening 27 stores, including three new states: Missouri, Alabama and Tennessee. Today Sprouts is one of the fastest growing retailers in the country. Sprouts employs more than 20,000 team members and operates more than 200 stores in 13 states from coast to coast.

 

TIMELINE:

1943
Henry Boney starts his first fruit stand – he later creates Speedee Mart, Boney's and other operations
1969
Two of Henry's sons, Stan and Steve, create a second generation Boney's store in Ramona, CA. From that beginning came Windmill Farms and Boney's, and in 1997 the family renames the chain "Henry's Marketplace," in honor of their dad
1999
The Boney family sells Henry's Marketplace to Wild Oats
2002
Stan and his son Shon Boney, along with family friends Scott Wing and Kevin Easler, create Sprouts, based in Phoenix, AZ
2004
Sprouts expands to Texas, opening first store in Plano
2005
Sprouts expands to California, repurchasing store in El Cajon previously run by the Boney Family
2007
Wild Oats is sold to Whole Foods Market
2007
Whole Foods divests itself of Henry's, selling the chain to Smart & Final, Inc. (which, as of early 2007, is owned by Apollo Management, LP)
2008
Sprouts expands to Colorado, opening first stores in Westminster and Parker
2009
Sprouts grows rapidly, opening 23 new stores in a 17-month period
2010
Sprouts opens 50th store, and first one in Northern California, in Sunnyvale
2011
Henry's and Sprouts merge under Apollo, creating one of the largest natural food grocers in the Western U.S. with annual revenues in excess of $1 billion
2012
Sunflower and Sprouts merge under Apollo, expanding Sprouts presence to nearly 150 stores throughout eight states: AZ, CA, CO, NM, NV, OK, TX and UT
2013
Sprouts Farmers Market becomes a public company traded on the NASDAQ Stock Market
2014
Sprouts expanded into the Southeast by adding new stores in Georgia.
2015
Sprouts expands to three new states, MI, AL and TN, bringing "Healthy Living for Less" coast to coast with more than 200 stores in 13 states

 

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