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April 19, 2015 9:43 AM ET

Food and Staples Retailing

Company Overview of Sprouts Farmers Market, Inc.

Company Overview

Sprouts Farmers Market, Inc. operates as a specialty retailer of fresh, natural, and organic food in the United States. The company’s stores offer fresh produce, bulk foods, vitamins and supplements, grocery products, meat and seafood products, deli and bakery products, dairy and dairy alternatives, frozen foods, beer and wine, natural health and body care products, and natural household products. As of February 26, 2015, it operated 198 stores in 12 states. Sprouts Farmers Market, Inc. was founded in 2002 and is based in Phoenix, Arizona.

11811 North Tatum Boulevard

Suite 2400

Phoenix, AZ 85028

United States

Founded in 2002

17,000 Employees

Phone:

480-814-8016

Key Executives for Sprouts Farmers Market, Inc.

Chief Executive Officer, President and Director
Age: 45
Total Annual Compensation: $553.1K
Chief Financial Officer and Treasurer
Age: 42
Total Annual Compensation: $395.6K
Chief Operating Officer
Age: 43
Total Annual Compensation: $392.7K
Chief Legal Officer and Corporate Secretary
Age: 37
Total Annual Compensation: $273.1K
Chief Development Officer
Age: 53
Total Annual Compensation: $272.1K
Compensation as of Fiscal Year 2014.

Sprouts Farmers Market, Inc. Key Developments

Sprouts Farmers Market, Inc. Completes New Credit Facility

Sprouts Farmers Market, Inc. announced that it has completed a new five-year, $450 million revolving credit facility to replace its existing term loan and revolving credit facility. The company will utilize the initial drawing of $260 million under the new credit facility to pay off its existing $258 million term loan and transaction costs associated with the refinancing. Upon the completion of the refinancing, the Company will have approximately $260 million of total debt and $2.5 million of letters of credit outstanding under the new facility, which will mature on April 17, 2020. The revolver has an initial drawn pricing of LIBOR plus 1.75%, as compared with LIBOR (with a floor of 1.00%) plus 3.00% under the previous term loan. At April 17, 2015 interest rates, this pricing would reduce the company's annual interest expense by approximately $5 million.

mix1 Announces Sprouts Store Distribution in Multiple States

mix1 Life, Inc. announced that consumers will soon be able to purchase mix1's natural nutritional protein shakes at Sprouts Farmer Market Stores across the USA. mix1 has recently shipped product to Sprout stores across the US. This month consumers will be able to purchase mix1 in multiple Sprouts stores in Alabama, Arizona, Colorado, Georgia, Kansas, Missouri, New Mexico, Nevada, Oklahoma, Texas, and Utah.

Sprouts Farmers Market, Inc. - Shareholder/Analyst Call

Sprouts Farmers Market, Inc. - Shareholder/Analyst Call

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