| Ticker: OATS | 1645 Broadway | |
| Exchange: NASDAQ-National Market | Boulder, Colorado 80302 | |
| Industry: Retail | (303) 440-5220 |
| Type of Shares: | Common Shares | Filing Date: | 8/30/96 | |
| U.S. Shares: | 1,680,000 | Offer Date: | 10/22/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $22.00 - $24.00 | |
| Primary Shares: | 1,400,000 | Offer Price: | $25.00 | |
| Secondary Shares: | 280,000 | Gross Spread: | $1.75 | |
| Offering Amount: | $38,640,000 | Selling: | $1.00 | |
| Expenses: | $780,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,867,768 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | (415) 627-2220 |
| Smith Barney Inc. | Co-manager | (718) 921-8473 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/29/96 | 7/1/95 | 6/29/96 | ||
| Revenue: | $98.52 | $68.10 | $42.79 | Assets: | $47.91 |
| Net Income: | $0.38 | $0.50 | $1.07 | Liabilities: | $34.66 |
| EPS: | $0.10 | $0.13 | Equity: | $13.25 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is the second largest natural foods supermarket chain in North America with the largest natural foods store base in the western United States. The company currently operates 39 stores in eight states, including California, Colorado, Kansas, Missouri, Nevada, New Mexico, Utah, Washington, and British Columbia, Canada. Since acquiring its first natural foods store in 1987, the company has pursued an aggressive growth strategy. The company has grown from six natural foods stores located primarily in Colorado at the end of 1991, to 21 stores in six states at the end of 1995, representing a compound annual growth rate of 36.8%. During this period, the company's sales increased from $25.2 million to $98.5 million, representing a compound annual growth rate of 40.6%. In the first half of 1995, the company opened three stores and acquired three additional stores and sales increased 59.1% to $68.1 million from $42.8 million in the first half of 1995. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay outstanding bank debt, finance new store openings and possible acquisitions and for working capital and other general corporate purposes. |
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