Sprouts Farmers Market (SFM) looks like a solid organic grocer that would be an ideal banner for any big-name retailer seeking for a turnkey entry into the hot healthier eating movement.
The company’s CEO Amin Maredia seems to agree, though is OK with continuing to expand its 300 store organic chain across the country.
“We feel like we are really good at opening stores, we have had a double-digit growth strategy, so that has worked well for us. We have done acquisitions in the past,” Maredia tells TheStreet. “I always tell the team that if we are doing a great job and doing what we are supposed to, we may be too expensive to buy. Strategic assets are not cheap — I can’t comment on anything particular, from time to time there is interest, but we are focused on organic growth at this point.”
Sprouts was rumored to have received interest from traditional grocer Albertson’s in 2017. Its name has also been linked to Target (TGT) , which has aggressively pushed into organic and healthier food inside its own stores.