$SFM
Sprouts Farmers Market, Inc.

2015 Q2 Form 10-Q Financial Statement

#000119312515281086 Filed on August 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q4 2014 Q2
Revenue $902.2M $734.6M $743.8M
YoY Change 21.29% 20.78% 19.51%
Cost Of Revenue $638.5M $523.3M $519.8M
YoY Change 22.84% 20.58% 19.41%
Gross Profit $263.6M $211.2M $224.0M
YoY Change 17.67% 21.24% 19.79%
Gross Profit Margin 29.22% 28.75% 30.12%
Selling, General & Admin $23.39M $178.1M $23.10M
YoY Change 1.26% 17.87% 11.44%
% of Gross Profit 8.87% 84.33% 10.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.90M $19.80M $13.10M
YoY Change 29.01% 60.98% 13.91%
% of Gross Profit 6.41% 9.37% 5.85%
Operating Expenses $23.39M $178.2M $23.10M
YoY Change 1.26% 17.86% 11.44%
Operating Profit $60.05M $33.00M $55.57M
YoY Change 8.05% 43.48% 38.66%
Interest Expense -$4.400M -$5.900M -$6.500M
YoY Change -32.31% -14.49% -42.98%
% of Operating Profit -7.33% -17.88% -11.7%
Other Income/Expense, Net $112.0K $100.0K $100.0K
YoY Change 12.0% -9.91%
Pretax Income $50.24M $27.00M $49.15M
YoY Change 2.21% 82.43% 138.34%
Income Tax $18.92M $9.300M $19.00M
% Of Pretax Income 37.66% 34.44% 38.66%
Net Earnings $31.32M $17.70M $30.15M
YoY Change 3.88% 90.32% 141.83%
Net Earnings / Revenue 3.47% 2.41% 4.05%
Basic Earnings Per Share $0.20 $0.20
Diluted Earnings Per Share $0.20 $113.7K $0.20
COMMON SHARES
Basic Shares Outstanding 153.4M shares 151.0M shares 149.7M shares
Diluted Shares Outstanding 155.9M shares 154.0M shares

Balance Sheet

Concept 2015 Q2 2014 Q4 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $97.30M $130.5M $184.3M
YoY Change -47.21% 67.95% 180.95%
Cash & Equivalents $97.26M $130.5M $184.3M
Short-Term Investments
Other Short-Term Assets $43.90M $368.0K $10.50M
YoY Change 318.1% -10.9% -40.68%
Inventory $158.2M $142.8M $134.7M
Prepaid Expenses $4.769M
Receivables $18.70M $14.10M $11.30M
Other Receivables $0.00 $3.852M $0.00
Total Short-Term Assets $318.1M $334.1M $340.8M
YoY Change -6.66% 44.25% 68.38%
LONG-TERM ASSETS
Property, Plant & Equipment $474.9M $454.9M $399.3M
YoY Change 18.94% 30.4% 15.06%
Goodwill $368.1M $368.1M $368.1M
YoY Change 0.0% 0.0% 0.0%
Intangibles $193.5M $194.2M $194.8M
YoY Change -0.66% -0.66% -0.66%
Long-Term Investments
YoY Change
Other Assets $24.65M $17.80M $13.58M
YoY Change 81.55% 35.52% 22.46%
Total Long-Term Assets $1.061B $1.035B $990.2M
YoY Change 7.18% 10.01% 5.18%
TOTAL ASSETS
Total Short-Term Assets $318.1M $334.1M $340.8M
Total Long-Term Assets $1.061B $1.035B $990.2M
Total Assets $1.379B $1.369B $1.331B
YoY Change 3.63% 16.77% 16.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $138.0M $112.9M $159.3M
YoY Change -13.33% 1.55% 38.63%
Accrued Expenses $61.30M $71.10M $56.70M
YoY Change 8.11% 28.8% 36.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $9.400M $7.746M $5.837M
YoY Change 61.04% 33.05% 112.33%
Total Short-Term Liabilities $208.8M $220.8M $226.9M
YoY Change -7.97% 25.75% 39.53%
LONG-TERM LIABILITIES
Long-Term Debt $160.0M $248.6M $302.5M
YoY Change -47.11% -18.6% -55.56%
Other Long-Term Liabilities $89.80M $74.07M $70.75M
YoY Change 26.92% 20.6% 25.1%
Total Long-Term Liabilities $249.8M $322.7M $373.2M
YoY Change -33.07% -12.04% -49.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $208.8M $220.8M $226.9M
Total Long-Term Liabilities $249.8M $322.7M $373.2M
Total Liabilities $597.4M $683.7M $719.3M
YoY Change -16.94% 3.8% -29.16%
SHAREHOLDERS EQUITY
Retained Earnings $211.0M $142.2M $98.38M
YoY Change 114.45% 312.18% 615.19%
Common Stock $570.9M $543.2M $149.0K
YoY Change 383051.68% 13.34% 18.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $781.9M $685.4M $611.7M
YoY Change
Total Liabilities & Shareholders Equity $1.379B $1.369B $1.331B
YoY Change 3.63% 16.77% 16.37%

Cashflow Statement

Concept 2015 Q2 2014 Q4 2014 Q2
OPERATING ACTIVITIES
Net Income $31.32M $17.70M $30.15M
YoY Change 3.88% 90.32% 141.83%
Depreciation, Depletion And Amortization $16.90M $19.80M $13.10M
YoY Change 29.01% 60.98% 13.91%
Cash From Operating Activities $52.80M $29.90M $61.60M
YoY Change -14.29% 34.08% 86.1%
INVESTING ACTIVITIES
Capital Expenditures -$40.70M -$31.00M -$39.60M
YoY Change 2.78% 144.09% 62.96%
Acquisitions
YoY Change
Other Investing Activities $0.00 $200.0K $0.00
YoY Change -80.0% -100.0%
Cash From Investing Activities -$40.70M -$30.80M -$39.50M
YoY Change 3.04% 163.25% 63.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -92.60M 12.90M 13.10M
YoY Change -806.87% -152.23% -129.77%
NET CHANGE
Cash From Operating Activities 52.80M 29.90M 61.60M
Cash From Investing Activities -40.70M -30.80M -39.50M
Cash From Financing Activities -92.60M 12.90M 13.10M
Net Change In Cash -80.50M 12.00M 35.20M
YoY Change -328.69% -185.11% -200.28%
FREE CASH FLOW
Cash From Operating Activities $52.80M $29.90M $61.60M
Capital Expenditures -$40.70M -$31.00M -$39.60M
Free Cash Flow $93.50M $60.90M $101.2M
YoY Change -7.61% 74.0% 76.31%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
513771000
CY2013Q4 us-gaap Restructuring Reserve
RestructuringReserve
4713000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
77652000
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6900000 shares
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
900000 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
151833334 shares
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
151833334 shares
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2014Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
543048000
CY2014Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
9196000
CY2014Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
41394000
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
29687000
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
685389000
CY2014Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
248611000
CY2014Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
29136000
CY2014Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
121562000
CY2014Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
14091000
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
17801000
CY2014Q4 us-gaap Assets
Assets
1369073000
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
74071000
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
256357000
CY2014Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7746000
CY2014Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
7476000
CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
112877000
CY2014Q4 us-gaap Restructuring Reserve
RestructuringReserve
1785000
CY2014Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
877000
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
142189000
CY2014Q4 us-gaap Liabilities
Liabilities
683684000
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1369073000
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
152000
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
12138000
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
220840000
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
18600000
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
194176000
CY2014Q4 us-gaap Inventory Net
InventoryNet
142793000
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
454889000
CY2014Q4 us-gaap Assets Current
AssetsCurrent
334129000
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
35580000
CY2014Q4 us-gaap Goodwill
Goodwill
368078000
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11152000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
130513000
CY2014Q4 sfm Debt Instrument Discount Non Current
DebtInstrumentDiscountNonCurrent
3900000
CY2014Q4 sfm Debt Instrument Discount Current
DebtInstrumentDiscountCurrent
1000000
CY2015Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
153579559 shares
CY2015Q1 us-gaap Line Of Credit
LineOfCredit
260000000
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
184273000
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5300000 shares
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
800000 shares
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
153565809 shares
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
153565809 shares
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2015Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
570742000
CY2015Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
9324000
CY2015Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
39348000
CY2015Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
21994000
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
781874000
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
210978000
CY2015Q2 us-gaap Liabilities
Liabilities
597429000
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1379303000
CY2015Q2 us-gaap Common Stock Value
CommonStockValue
154000
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2015Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
3097000
CY2015Q2 us-gaap Liabilities Current
LiabilitiesCurrent
208816000
CY2015Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
160000000
CY2015Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
89804000
CY2015Q2 us-gaap Long Term Debt
LongTermDebt
160000000
CY2015Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
8877000
CY2015Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
138032000
CY2015Q2 us-gaap Restructuring Reserve
RestructuringReserve
2543000
CY2015Q2 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
696000
CY2015Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2015Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
19538000
CY2015Q2 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
9442000
CY2015Q2 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
119271000
CY2015Q2 us-gaap Line Of Credit
LineOfCredit
160000000
CY2015Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
4400000
CY2015Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
18722000
CY2015Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
24654000
CY2015Q2 us-gaap Assets
Assets
1379303000
CY2015Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
193530000
CY2015Q2 us-gaap Inventory Net
InventoryNet
158179000
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
474949000
CY2015Q2 us-gaap Assets Current
AssetsCurrent
318092000
CY2015Q2 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
34898000
CY2015Q2 us-gaap Goodwill
Goodwill
368078000
CY2015Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
9035000
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
97258000
CY2015Q1 sfm Common Stock Issued In Secondary Public Offering Shares
CommonStockIssuedInSecondaryPublicOfferingShares
15847800 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
137889000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
153670000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148720000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.388 pure
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
57793000
us-gaap Net Income Loss
NetIncomeLoss
63884000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5524000
us-gaap Operating Income Loss
OperatingIncomeLoss
117242000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
16399000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
636000
us-gaap Income Taxes Paid
IncomeTaxesPaid
531000
us-gaap Gross Profit
GrossProfit
447907000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
196000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1860000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-994000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1198000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3500000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
104451000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1466416000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
21969000
us-gaap Interest Paid Net
InterestPaidNet
12183000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
244000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40567000
us-gaap Share Based Compensation
ShareBasedCompensation
2995000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
9958000
us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
83000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
594000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
106621000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-57678000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
26410000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
11025000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
115000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1797000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4786000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2995000
us-gaap Interest Expense Debt
InterestExpenseDebt
12987000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
785000
us-gaap Cost Of Merchandise Sales Buying And Occupancy Costs
CostOfMerchandiseSalesBuyingAndOccupancyCosts
1018509000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
26214000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
45579000
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
859000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
34012000
us-gaap Pre Opening Costs
PreOpeningCosts
3367000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
26071000
sfm Payments On Financing Lease Obligations
PaymentsOnFinancingLeaseObligations
1423000
sfm Proceeds From Real Property Financing Lease Obligations
ProceedsFromRealPropertyFinancingLeaseObligations
577000
sfm Direct Store Expenses
DirectStoreExpenses
281386000
sfm Property And Equipment Acquired Through Capital Lease And Financing Obligations
PropertyAndEquipmentAcquiredThroughCapitalLeaseAndFinancingObligations
5746000
sfm Income Expense Store Closure And Exit
IncomeExpenseStoreClosureAndExit
-333000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
120940000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001575515
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--01-03
us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2020-04-17
dei Entity Registrant Name
EntityRegistrantName
SPROUTS FARMERS MARKET, INC.
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
155728000 shares
us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.0175 pure
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
152814000 shares
dei Document Period End Date
DocumentPeriodEndDate
2015-06-28
dei Trading Symbol
TradingSymbol
SFM
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.380 pure
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y6M
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segment
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
74541000
us-gaap Net Income Loss
NetIncomeLoss
68789000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5974000
us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
19300000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2434000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2220000
us-gaap Operating Income Loss
OperatingIncomeLoss
126620000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15386000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
6149000
us-gaap Income Taxes Paid
IncomeTaxesPaid
19058000
us-gaap Gross Profit
GrossProfit
521432000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
174000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4874000
us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
272000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-405000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
950000
us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
19288000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-5481000
us-gaap Revenue Recognition Gift Cards Breakage
RevenueRecognitionGiftCardsBreakage
800000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
261250000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1896000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
111008000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1759659000
us-gaap Payments For Restructuring
PaymentsForRestructuring
658000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
12662000
us-gaap Interest Paid Net
InterestPaidNet
10575000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
316000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
100000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42219000
us-gaap Share Based Compensation
ShareBasedCompensation
2434000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
16151000
us-gaap Accretion Expense Including Asset Retirement Obligations
AccretionExpenseIncludingAssetRetirementObligations
178000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-2079000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-33255000
us-gaap Restructuring Charges
RestructuringCharges
1144000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-74539000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-79656000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1620000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1484000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6218000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2434000
us-gaap Interest Expense Debt
InterestExpenseDebt
10305000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
260000000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
501000
us-gaap Cost Of Merchandise Sales Buying And Occupancy Costs
CostOfMerchandiseSalesBuyingAndOccupancyCosts
1238227000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
19288000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
47417000
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-7694000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
26527000
us-gaap Pre Opening Costs
PreOpeningCosts
5280000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
32816000
sfm Payments On Financing Lease Obligations
PaymentsOnFinancingLeaseObligations
1700000
sfm Direct Store Expenses
DirectStoreExpenses
340571000
sfm Property And Equipment Acquired Through Capital Lease And Financing Obligations
PropertyAndEquipmentAcquiredThroughCapitalLeaseAndFinancingObligations
5373000
sfm Line Of Credit Facility Issuance Fee Percentage
LineOfCreditFacilityIssuanceFeePercentage
0.00125 pure
sfm Income Expense Store Closure And Exit
IncomeExpenseStoreClosureAndExit
-1544000
CY2014 us-gaap Net Income Loss
NetIncomeLoss
107692000
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
11312000
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5355000
CY2014 us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
-412000
CY2014 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
47261000
CY2014 us-gaap Payments For Restructuring
PaymentsForRestructuring
3204000
CY2014 us-gaap Restructuring Charges
RestructuringCharges
688000
CY2014 us-gaap Adjustments To Additional Paid In Capital Income Tax Deficiency From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
2000
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
154039000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
149681000 shares
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2014Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.387 pure
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
30151000
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
55573000
CY2014Q2 us-gaap Gross Profit
GrossProfit
224048000
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
100000
CY2014Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
635000
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
49153000
CY2014Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
743810000
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19002000
CY2014Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
953000
CY2014Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1588000
CY2014Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
6520000
CY2014Q2 us-gaap Cost Of Merchandise Sales Buying And Occupancy Costs
CostOfMerchandiseSalesBuyingAndOccupancyCosts
519762000
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23100000
CY2014Q2 us-gaap Pre Opening Costs
PreOpeningCosts
2420000
CY2014Q2 sfm Direct Store Expenses
DirectStoreExpenses
143155000
CY2014Q2 sfm Income Expense Store Closure And Exit
IncomeExpenseStoreClosureAndExit
200000
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
155949000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
153393000 shares
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2015Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.377 pure
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
31322000
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
60046000
CY2015Q2 us-gaap Gross Profit
GrossProfit
263639000
CY2015Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
112000
CY2015Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
504000
CY2015Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-5481000
CY2015Q2 us-gaap Revenue Recognition Gift Cards Breakage
RevenueRecognitionGiftCardsBreakage
800000
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50240000
CY2015Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
902153000
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18918000
CY2015Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
788000
CY2015Q2 us-gaap Line Of Credit Facility Periodic Payment Principal
LineOfCreditFacilityPeriodicPaymentPrincipal
100000000
CY2015Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1292000
CY2015Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
4437000
CY2015Q2 us-gaap Cost Of Merchandise Sales Buying And Occupancy Costs
CostOfMerchandiseSalesBuyingAndOccupancyCosts
638514000
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23390000
CY2015Q2 us-gaap Pre Opening Costs
PreOpeningCosts
2507000
CY2015Q2 sfm Direct Store Expenses
DirectStoreExpenses
177381000
CY2015Q2 sfm Income Expense Store Closure And Exit
IncomeExpenseStoreClosureAndExit
-315000

Files In Submission

Name View Source Status
0001193125-15-281086-index-headers.html Edgar Link pending
0001193125-15-281086-index.html Edgar Link pending
0001193125-15-281086.txt Edgar Link pending
0001193125-15-281086-xbrl.zip Edgar Link pending
d939811d10q.htm Edgar Link pending
d939811dex101.htm Edgar Link pending
d939811dex311.htm Edgar Link pending
d939811dex312.htm Edgar Link pending
d939811dex321.htm Edgar Link pending
d939811dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
g939811g29h48.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
sfm-20150628.xml Edgar Link completed
sfm-20150628.xsd Edgar Link pending
sfm-20150628_cal.xml Edgar Link unprocessable
sfm-20150628_def.xml Edgar Link unprocessable
sfm-20150628_lab.xml Edgar Link unprocessable
sfm-20150628_pre.xml Edgar Link unprocessable
Show.js Edgar Link pending