Sprouts Farmers (SFM) Unveils Fullerton Distribution Center
Sprouts Farmers Market, Inc. SFM recently announced the opening of its southern California distribution center in Fullerton, CA. The new 337,000-square-foot facility will help improve the efficiency and freshness of produce deliveries across more than 95 stores within a 250-mile radius of the distribution center. The facility will help Sprouts provide customers with fresh, organic and local produce and support its expansionary efforts across California and the country.
The Fullerton distribution center is equipped with 34°F and 55°F storage and fruit ripening rooms to support the ripening procedure of Sprouts’ produce. It will also help the company significantly reduce transport emissions by saving nearly 725,000 miles from its existing delivery routes. The facility also features eleven electric vehicle (EV) charging stations for employees and an EV terminal truck to support daily yard operations.
The advanced facility will boost and extend the company’s local farm partnerships with several growers, such as Muranaka Farms, Five Crowns, Cyma Orchid, HMC Farms, Kingsburg Orchards, Valdivia Farms, Oceanside Pole Tomatoes, Prima Wawona, G & M Farms, Windset Farms and Eco Farms. Sprouts will collaborate with Lineage to manage the distribution center’s warehouse operations. SFM also selected Penske Logistics as the transportation fleet operator.
The new distribution facility has created more than 190 full-time job opportunities. Apart from the new facility in Fullerton, Sprouts presently operates several distribution centers based in Union City, CA; Aurora, CO; Glendale, AZ; Wilmer, TX; Orlando, FL and East Point, GA.
What’s More
Sprouts Farmers has been taking several initiatives focused on product innovation, customer experience and targeted marketing with everyday great pricing and technology to expand its customer base. Given the massive demand in the segment, it is steadily growing its presence in the natural organic space. The company has been providing hassle-free shopping through the Sprouts.com website and mobile app, creating a supply chain that provides the freshest produce while updating store prototypes.
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The Zacks Rank #2 (Buy) company’s shares have increased 13.7% in the past three months compared with the industry’s gain of 1.2%.
Three Solid Picks
A few other top-ranked stocks from the same space are Sovos Brands, Inc. SOVO, Farmer Bros. Co. FARM and Performance Food Group PFGC.
Sovos, a consumer-packaged food company, currently sports a Zacks Rank #1 (Strong Buy). SOVO has a trailing four-quarter earnings surprise of 15.6%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Sovos' 2023 sales and earnings indicates growth of 8.7% and 13.3% from the year-ago period’s reported figures.
Farmer Brothers is a leading coffee, tea, and other allied products distributor in the United States. The company currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Farmer Brothers’ current fiscal-year earnings implies growth of 51.7% from the previous year’s reported number.
Performance Food Group is a marketer and distributor of food and food-related products. It carries a Zacks Rank #2 at present.
The Zacks Consensus Estimate for Performance Food Group’s current fiscal-year sales and earnings indicates growth of 3.8% and 16% from the year-ago period’s reported figures. PFGC has a trailing four-quarter average earnings surprise of 15.9%.
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Farmer Brothers Company (FARM) : Free Stock Analysis Report
Sprouts Farmers Market, Inc. (SFM) : Free Stock Analysis Report
Performance Food Group Company (PFGC) : Free Stock Analysis Report
Sovos Brands, Inc. (SOVO) : Free Stock Analysis Report
