• Sprouts Farmers Market average gross margin for 2023 was 36.84%, a 1.1% increase from 2022.
• Sprouts Farmers Market average gross margin for 2022 was 36.44%, a 0.52% increase from 2021.
• Sprouts Farmers Market average gross margin for 2021 was 36.63%, a 2.78% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.