Sprouts Farmers Market 2013 Annual Report Download - page 48

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Table of Contents
43
Item 6.
Selected Financial Data
Fiscal
2013(3)
Fiscal
2012(2)
Fiscal
2011(1)
Fiscal
2010(1)
Fiscal
2009(1)
(dollars in thousands, except per share data)
Statements of Operations Data:
Net sales
$
2,437,911
$
1,794,823
$
1,105,879
$
516,816
$
487,693
Cost of sales, buying and occupancy
1,712,644
1,264,514
794,905
366,947
346,310
Gross profit
725,267
530,309
310,974
149,869
141,383
Direct store expenses
496,183
368,323
238,245
114,463
106,373
Selling, general and administrative expenses
81,795
86,364
58,528
23,277
23,506
Amortization of Henry’s trade names and capitalized
software
—
—
32,202
867
—
Store pre-opening costs
5,734
2,782
1,338
2,341
2,647
Store closure and exit costs
2,051
2,155
6,382
354
299
Income (loss) from operations
139,504
70,685
(25,721
)
8,567
8,558
Interest expense
(37,203
)
(35,488
)
(19,813
)
(681
)
(582
)
Other income
487
562
358
295
343
Loss on extinguishment of debt
(18,721
)
(992
)
—
—
—
Income (loss) before income taxes
84,067
34,767
(45,176
)
8,181
8,319
Income tax (provision) benefit
(32,741
)
(15,267
)
17,731
(3,320
)
(3,346
)
Net income (loss)
$
51,326
$
19,500
$
(27,445
)
$
4,861
$
4,973
Per Share Data:
Net income (loss) per share—basic
$
0.38
$
0.16
$
(0.28
)
$
0.08
$
0.08
Net income (loss) per share—diluted
$
0.37
$
0.16
$
(0.28
)
$
0.08
$
0.08
Weighted average shares outstanding—basic
134,622
119,427
96,954
64,350
64,350
Weighted average shares outstanding—diluted
139,765
121,781
96,954
64,350
64,350
Fiscal
2013
Fiscal
2012(2)
Fiscal
2011(1)
Fiscal
2010(1)
Fiscal
2009(1)
Pro forma comparable store sales growth(4)
10.7
%
9.7
%
5.1
%
2.3
%
2.6
%
Pro forma stores at end of period
167
148
138
129
109
Other Operating Data:
Stores at beginning of period
148
103
43
40
36
Opened
19
9
7
3
4
Acquired
—
37
56
—
—
Closed
—
(
1
)
(3
)
—
—
Stores at end of period
167
148
103
43
40
Gross square feet at end of period
4,582,743
4,064,888
2,721,430
1,035,841
949,627
Average store size at end of period (gross square feet)
27,442
27,465
26,422
24,089
23,741