January 18, 2017 1:06 AM ET

Food and Staples Retailing

Company Overview of Sprouts Farmers Market, Inc.

Company Overview

Sprouts Farmers Market, Inc., together with its subsidiaries, operates as a retailer of fresh, natural, and organic food in the United States. The company’s retail stores offer fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care and natural household items, beer and wine, and dairy alternatives. As of November 3, 2016, it operated 252 stores in 13 states. Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona.

5455 East High Street

Suite 111

Phoenix, AZ 85054

United States

Founded in 2002

20,000 Employees

Phone:

480-814-8016

Fax:

480-814-8017

Key Executives for Sprouts Farmers Market, Inc.

Chief Executive Officer and Director
Age: 44
Total Annual Compensation: $498.5K
President and Chief Operating Officer
Age: 45
Total Annual Compensation: $458.1K
Executive Chairman
Age: 47
Total Annual Compensation: $570.8K
Chief Legal Officer and Corporate Secretary
Age: 39
Total Annual Compensation: $305.6K
Vice President of Investor Relations & Treasury
Total Annual Compensation: $199.4K
Compensation as of Fiscal Year 2015.

Sprouts Farmers Market, Inc. Key Developments

Sprouts Farmers Market, Inc. Presents at Barclays 2016 Eat, Sleep, Play - It's Not All Discretionary, Dec-05-2016 04:10 PM

Sprouts Farmers Market, Inc. Presents at Barclays 2016 Eat, Sleep, Play - It's Not All Discretionary, Dec-05-2016 04:10 PM. Venue: Barclays headquarters, 745 Seventh Avenue, New York, NY 10019, United States. Speakers: Bradley Lukow, Chief Financial Officer, Principal Accounting Officer and Treasurer.

Sprouts Farmers Market, Inc. Announces Executive Changes

Sprouts Farmers Market, Inc. announced that Doug Sanders has informed the Board of Directors of his intention to resign as executive chairman of the board, to focus his efforts on his recent appointment as chief executive officer of a technology company. This change will become effective at the board’s next scheduled meeting on February 20, 2017. Effective upon the resignation of Sanders on February 20, 2017, the board has appointed Joseph Fortunato, an independent director, as the non-executive chairman of the board.

Sprouts Farmers Market, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 2, 2016; Provides Earnings Guidance for the Year 2016

Sprouts Farmers Market, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended October 2, 2016. For the quarter, the company reported net sales of $1,035,801,000 against $903,069,000 a year ago. Income from operations was $41,447,000 against $54,400,000 a year ago. Income before income taxes was $37,859,000 against $50,886,000 a year ago. Net income was $23,885,000 or $0.16 basic and diluted per share against $31,986,000 or $0.21 basic and diluted per share a year ago. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $62,827,000 against $72,493,000 a year ago. Earnings before interest and taxes (EBIT) were $41,582,000 against $54,571,000 a year ago. Adjusted net income was $32,637,000 or $0.21 per basic and diluted share. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $73,480,000. Adjusted earnings before interest and taxes (EBIT) were $55,606,000. For the nine months, the company reported net sales of $3,060,685,000 against $2,662,728,000 a year ago. Income from operations was $182,745,000 against $181,020,000 a year ago. Income before income taxes was $172,086,000 against $161,894,000 a year ago. Net income was $107,301,000 or $0.71 diluted per share against $100,775,000 or $0.65 diluted per share a year ago. Cash flows from operating activities were $196,037,000 against $179,091,000 a year ago. Purchases of property and equipment were $142,571,000 against $97,390,000 a year ago. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $243,305,000 against $226,800,000 a year ago. Earnings before interest and taxes (EBIT) were $183,071,000 against $175,884,000 a year ago. Adjusted net income was $106,253,000 or $0.68 per diluted share. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $235,390,000. Adjusted earnings before interest and taxes (EBIT) were $184,676,000. For the year 2016, the company expects net sales growth in the range of 14.5% to 15%, comparable store sales growth in the range of 2.0% to 2.5%, EBITDA growth in the range of 0% to 2% and capital expenditures in the range of $160 million - $165 million. Below the EBIT line, the company expects interest expense to be approximately $15 million, including interest related to financing and capital leases. The company also expects a weighted average diluted share count of approximately 150 million shares for the year and a corporate tax rate of roughly 38%.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
September 7, 2016
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