Kenneth Goldman's questions to Sprouts Farmers Market Inc (SFM) leadership • Q3 2024
Question
Kenneth Goldman asked about the validity of reports suggesting Sprouts is asking vendors to help fund its growth investments and inquired about the receptivity from those vendors.
Answer
CEO Jack Sinclair confirmed that Sprouts is in deep dialogue with its vendors, framing it as a partnership to drive mutual efficiency and profitability. He stated that by improving processes and providing longer-term commitments, both Sprouts and its vendors can benefit. He described the reception from vendors as enthusiastic, as they see the opportunity to grow with Sprouts' unique and expanding customer base.