Sprouts Farmers Market layoffs, on the record
Every job cut, severance charge and restructuring Sprouts Farmers Market reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryStore closures in 2023 generated accelerated depreciation on the closed stores' assets, and severance expense from these closures was immaterial.
Word for word“Accelerated depreciation on the closed stores' assets during 2023 was $ 5.9 million, and is reflected in Depreciation and amortiz ation on the consolidated statements of income.” 10-K for 2023
Our summaryThe filing says store closure costs, including severance, were recorded in Store closure and other costs, net, and that severance expense during 2023 was immaterial.
Word for word“Accelerated depreciation on the closed stores' assets during 2023 was $ 5.9 million, and was reflected in Depreciation and amortization on the consolidated statements of income.” 10-K for 2024
Our summaryThe filing states that no stores were closed during 2024.
Word for word“No stores were closed during 2024 and all lease costs associated with our closed locations, for which a lease remains in effect, are included within Store closure and other costs, net.” 10-K for 2024
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2017-01-01 | — | $998,000 |
| 2017-12-31 | — | $492,000 |
| 2018-12-30 | $3.4 million | $426,000 |
Sprouts Farmers Market has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Sprouts Farmers Market’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.