Sprouts Farmers Market 2014 Annual Report Download - page 42

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Item 6. Selected Financial Data
Fiscal
2014(4)
Fiscal
2013(3)
Fiscal
2012(2)
Fiscal
2011(1)
Fiscal
2010(1)
(dollars in thousands, except per share data)
Statements of Operations Data:
Net sales .............................. $2,967,424 $2,437,911 $1,794,823 $1,105,879 $516,816
Cost of sales, buying and occupancy ....... 2,082,221 1,712,644 1,264,514 794,905 366,947
Gross profit ........................ 885,203 725,267 530,309 310,974 149,869
Direct store expenses ................... 581,621 496,183 368,323 238,245 114,463
Selling, general and administrative
expenses ............................ 95,397 81,795 86,364 58,528 23,277
Amortization of Henry’s trade names and
capitalized software ................... — — — 32,202 867
Store pre-opening costs .................. 7,749 5,734 2,782 1,338 2,341
Store closure and exit costs ............... 725 2,051 2,155 6,382 354
Income (loss) from operations ......... 199,711 139,504 70,685 (25,721) 8,567
Interest expense ........................ (25,063) (37,203) (35,488) (19,813) (681)
Other income .......................... 596 487 562 358 295
Loss on extinguishment of debt ............ (1,138) (18,721) (992) — —
Income (loss) before income taxes ..... 174,106 84,067 34,767 (45,176) 8,181
Income tax (provision) benefit ............. (66,414) (32,741) (15,267) 17,731 (3,320)
Net income (loss) ................... $ 107,692 $ 51,326 $ 19,500 $ (27,445) $ 4,861
Per Share Data:
Net income (loss) per share—basic ........ $ 0.72 $ 0.38 $ 0.16 $ (0.28) $ 0.08
Net income (loss) per share—diluted ....... $ 0.70 $ 0.37 $ 0.16 $ (0.28) $ 0.08
Weighted average shares
outstanding—basic .................... 149,751 134,622 119,427 96,954 64,350
Weighted average shares outstanding—
diluted .............................. 154,328 139,765 121,781 96,954 64,350
Fiscal
2014
Fiscal
2013
Fiscal
2012(2)
Fiscal
2011(1)
Fiscal
2010(1)
Pro forma comparable store sales
growth(5) ............................ 9.9% 10.7% 9.7% 5.1% 2.3%
Pro forma stores at end of period ......... 191 167 148 138 129
Other Operating Data:
Stores at beginning of period .............. 167 148 103 43 40
Opened ................................ 24 19 9 7 3
Acquired ............................... — — 37 56 —
Closed ................................ — — (1) (3) —
Stores at end of period(6) ................. 191 167 148 103 43
Gross square feet at end of period .......... 5,252,851 4,582,743 4,064,888 2,721,430 1,035,841
Average store size at end of period (gross
square feet) .......................... 27,502 27,442 27,465 26,422 24,089
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