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Sprouts Farmers Market Announces Expansion

Stocks in this article: SFM

PHOENIX, Dec. 23, 2013 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (the "Company") (Nasdaq:SFM), one of the fastest growing natural food retailers in the country, today announced its expansion with six signed leases in Kansas and Georgia.

The chain of specialty grocery stores expects to open a new store in Overland Park, Kan. on Jan. 8, 2014. The 23,360-square-foot store will bring an estimated 100 jobs to the Corbin Park Shopping Center at 135 th Street and Metcalf Avenue.

Phoenix-based Sprouts has quickly become one of the top retailers catering to shoppers' desire for small-footprint natural grocery stores. The Company offers fresh, high-quality, natural and organic foods at affordable prices.

"We are excited to be a part of the Corbin Park project and thank the community for welcoming Sprouts Farmers Market," said Doug Sanders, Sprouts' president and chief executive officer. "Sprouts brings a deep commitment to community engagement and advancement, and we are proud to be a neighbor in this great region."

Sprouts is also expanding into the Southeast with its easy-to-shop stores and unrivaled customer service. Plans are being developed for new locations in the greater Atlanta area, including Snellville, Cumming, Dunwoody, John's Creek and Norcross.

"Sprouts is bringing more than 500 new jobs to the greater Atlanta area and is poised for significant growth," Sanders added. "We look forward to expanding the Sprouts brand and introducing 'healthy living for less' to an even larger customer base."

About Sprouts Farmers Market, Inc.

Sprouts Farmers Market is a specialty retailer of natural and organic foods at great prices. We offer a complete shopping experience that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, natural body care and household items catering to consumers' growing interest in health and wellness. Headquartered in Phoenix, Arizona, Sprouts Farmers Market employs more than 14,000 team members and operates more than 165 stores. For more information on the locations coming soon, please visit sprouts.com/stores.

Forward Looking Statements:

Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Any statements contained herein (including, but not limited to, statements to the effect that Sprouts Farmers Market or its management "anticipates," "plans," "estimates," "expects," "believes," or the negative of these terms and other similar expressions) that are not statements of historical fact should be considered forward-looking statements, including, without limitation, the expected timing, locations and job creation estimates for the Company's new stores in Kansas and Georgia and the Company's belief that it is poised for significant growth and further expansion. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks and uncertainties include, without limitation, general economic conditions; the Company's ability to successfully open new stores; the Company's ability to manage its rapid growth; availability and cost of acceptable real estate; disruption in the Company's supply chain; and other factors as set forth from time to time in the Company's Securities and Exchange Commission filings. The Company intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more information becomes available, except as required by law.

CONTACT: Investor Contact:
         Susannah Livingston
         (602) 682-1584
         susannahlivingston@sprouts.com
         
         Media Contact:
         Donna Egan
         (602) 682-3152
         donnaegan@sprouts.com

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