Sprouts Farmers Market 2015 Annual Report Download - page 8

EXPLANATORY NOTE
On July 29, 2013, Sprouts Farmers Markets, LLC, a Delaware limited liability company, converted
into Sprouts Farmers Market, Inc., a Delaware corporation, as described under “Management’s
Discussion and Analysis of Financial Condition and Results of Operations—Factors Affecting
Comparability of Results of Operations—Corporate Conversion.” As used in this Annual Report on Form
10-K, unless the context otherwise requires, references to the “Company,” “Sprouts,” “we,” “us” and “our”
refer to Sprouts Farmers Markets, LLC and, after the corporate conversion, to Sprouts Farmers Market,
Inc. and, where appropriate, its subsidiaries. In the corporate conversion, each unit of Sprouts Farmers
Markets, LLC was converted into 11 shares of common stock of Sprouts Farmers Market, Inc., and each
option to purchase units of Sprouts Farmers Markets, LLC was converted into an option to purchase 11
shares of common stock of Sprouts Farmers Market, Inc. For the convenience of the reader, except as
the context otherwise requires, all information included in this Annual Report on Form 10-K is presented
giving effect to the corporate conversion.
On July 31, 2013, the Company’s Registration Statement on Form S-1 (Reg. No. 333-188493) and
the Company’s Registration Statement on Form 8-A became effective, and the Company became subject
to the reporting requirements of the Securities Exchange Act of 1934, as amended (referred to as the
“Exchange Act”).
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This Annual Report on Form 10-K contains “forward-looking statements” that involve substantial
risks and uncertainties. The statements contained in this Annual Report on Form 10-K that are not purely
historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,
as amended (referred to as the “Securities Act”), and Section 21E of the Exchange Act, including, but not
limited to, statements regarding our expectations, beliefs, intentions, strategies, future operations, future
financial position, future revenue, projected expenses, and plans and objectives of management. In some
cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,”
“potential,” “continue,” “objective,” or the negative of these terms, and similar expressions intended to
identify forward-looking statements. However, not all forward-looking statements contain these identifying
words. These forward-looking statements reflect our current views about future events and involve known
risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or
achievement to be materially different from those expressed or implied by the forward-looking statements.
Factors that could cause or contribute to such differences include, but are not limited to, those discussed
in the section titled “Risk Factors” included in this Annual Report on Form 10-K. Furthermore, such
forward-looking statements speak only as of the date of this report. Except as required by law, we
undertake no obligation to update any forward-looking statements to reflect events or circumstances after
the date of such statements.