Sprouts Farmers Market 2015 Annual Report Download - page 43

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35
Item 6. Selected Financial Data
Fiscal
2015(5)
Fiscal
2014(4)
Fiscal
2013(3)
Fiscal
2012(2)
Fiscal
2011(1)
(dollars in thousands, except per share data)
Statements of Operations Data:
Net sales .................................................. $3,593,031 $2,967,424 $2,437,911 $1,794,823 $1,105,879
Cost of sales, buying and occupancy....... 2,541,403 2,082,221 1,712,644 1,264,514 794,905
Gross profit.......................................... 1,051,628 885,203 725,267 530,309 310,974
Direct store expenses............................... 706,044 581,621 496,183 368,323 238,245
Selling, general and administrative
expenses ............................................... 106,412 95,397 81,795 86,364 58,528
A
mortization of Henry’s trade names and
capitalized software............................... ————32,202
Store pre-opening costs ........................... 8,616 7,749 5,734 2,782 1,338
Store closure and exit costs ..................... 1,802 725 2,051 2,155 6,382
Income (loss) from operations............. 228,754 199,711 139,504 70,685 (25,721)
Interest expense....................................... (17,723)(25,063)(37,203)(35,488)(19,813)
Other income............................................ 443 596 487 562 358
Loss on extinguishment of debt ............... (5,481)(1,138)(18,721)(992) —
Income (loss) before income taxes ..... 205,993 174,106 84,067 34,767 (45,176)
Income tax (provision) benefit .................. (77,002)(66,414)(32,741)(15,267)17,731
Net income (loss) ................................ $128,991 $107,692 $51,326 $19,500 $(27,445)
Per Share Data:
Net income (loss) per share—basic ......... $ 0.84 $ 0.72 $ 0.38 $ 0.16 $ (0.28)
Net income (loss) per share—diluted....... $ 0.83 $ 0.70 $ 0.37 $ 0.16 $ (0.28)
Weighted average shares outstanding—
basic ...................................................... 153,099 149,751 134,622 119,427 96,954
Weighted average shares outstanding—
diluted.................................................... 155,877 154,328 139,765 121,781 96,954
Fiscal
2015
Fiscal
2014
Fiscal
2013
Fiscal
2012(2)
Fiscal
2011(1)
Pro forma comparable store sales
growth(6) .............................................. 5.8%9.9%10.7%9.7%5.1%
Pro forma stores at end of period ........ 217 191 167 148 138
Other Operating Data:
Stores at beginning of period ................... 191 167 148 103 43
Opened..................................................... 27 24 19 9 7
A
cquired ................................................... ———37 56
Closed ...................................................... (1) — — (1)(3)
Stores at end of period(7) ........................ 217 191 167 148 103
Gross square feet at end of period........... 5,976,780 5,252,851 4,582,743 4,064,888 2,721,430
A
verage store size at end of period
(gross square feet) ................................ 27,572 27,502 27,442 27,465 26,422