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Sprouts Farmers Market, Inc. Reports Fourth Quarter and

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Sprouts Farmers Market, Inc. Reports Fourth Quarter and Full Year 2015 Results


PHOENIX, Feb. 25, 2016 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (Nasdaq: SFM) today reported results for the 14-week fourth quarter and 53-week year ended January 3, 2016. Period-over-period increases stated herein reflect the comparison of 14 and 53 weeks in fourth quarter and fiscal year 2015 to 13 and 52 weeks in fourth quarter and fiscal year 2014, respectively, unless otherwise noted.

Fourth Quarter Highlights:

Net sales of $930.3 million; a 27% increase from the same period in 2014

Comparable store sales growth of 7.4% and two-year comparable store sales growth of 15.9%, both on a 13-week basis

Net income of $28.2 million and diluted earnings per share of $0.18
Adjusted net income of $28.4 million; a 57% increase from the same period in 2014

Adjusted diluted earnings per share of $0.18; a 50% increase from the same period in 2014

Adjusted diluted earnings per share of $0.16; a 33% increase from the same period in 2014 on a 13-week basis

Adjusted EBITDA of $66.7 million; a 25% increase from the same period in 2014

Fiscal Year 2015 Highlights:

Net sales of $3.59 billion; a 21% increase compared to reported net sales in 2014

Comparable store sales growth of 5.8% and two-year combined comparable store sales growth of 15.7%, both on a 52-week basis

Net income increased to $129.0 million; diluted earnings per share of $0.83

Adjusted net income increased to $134.7 million; a 21% increase from 2014

Adjusted diluted earnings per share of $0.86; a 19% increase from 2014

Adjusted diluted earnings per share of $0.84; a 17% increase from 2014 on a 52-week basis

Adjusted EBITDA of $302.1 million; a 14% increase from 2014

“As more and more Americans embraced our “Healthy Living for Less” model, Sprouts’ position of strength in the industry continued to grow in 2015,” said Amin Maredia, chief executive officer of Sprouts Farmers Market. “Our unique combination of health, value and customer engagement resulted in industry leading comps of 5.8% and strong earnings growth in the high teens. This momentum enables us to focus on our strategic priorities, including product and category innovation, in and out-of-store customer experience and developing team members who can lead our new stores as we continue to grow.”

"Then there was a woman, a lion of a woman."
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