Sprouts Farmers Market acquires two licensed stores in California

Sprouts Farmers Market announced that it has acquired two independently owned stores in Chula Vista, California, operating under the Sprouts Farmers Market name pursuant to a legacy trademark license arrangement. Acquiring these stores will allow complete control of the Sprouts brand and open further expansion possibilities in Southern California. The Company licensed the Sprouts Farmers Market trademark to a third-party operator many years ago in a one-of-a-kind operating structure. No other licensed Sprouts stores exist. "We are pleased to bring these two high-volume stores into the Sprouts fold, allowing us to serve more customers in the San Diego market," said Chip Molloy, chief financial officer of Sprouts Farmers Market. The stores were not factored in its outlook, released on March 2, 2023.