10 Best Organic Food Stocks to Buy According to Billionaires

6. Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Number of Billionaire Investors: 13

Number of Hedge Fund Holders: 47

Sprouts Farmers Market, Inc. (NASDAQ:SFM) is a specialty natural and organic food retailer that offers a specialty grocery experience. Its products are made of organic, plant-based, gluten-free, and similar lifestyle-friendly ingredients. The company operates around 407 stores in 23 states.

Sprouts Farmers Market, Inc. (NASDAQ:SFM) reported a 59.2% growth in net income in fiscal Q4 2024, going to $79.6 million from $50 million registered in the same period last year. Net sales rose 17.5% year-over-year to $1.996 billion. Similarly, net income for the full year grew by 47% to $380 million, while revenues grew by 12.9% to $7.7 billion. This strong performance was broad-based and balanced across channels, geographies, baskets, and traffic.

The company’s e-commerce business is also growing, reporting a 37% sales growth in fiscal Q4 2024 and representing 14.5% of its total quarterly sales. Apart from these solid results, the company expanded its footprint to Wyoming, marking its 24th state in the US. Sprouts Farmers Market, Inc. (NASDAQ:SFM) also opened 33 new stores, which performed robustly and surpassed the previous year’s performance. The company ranks sixth on our list of the best organic food stocks to buy according to billionaires.