From The Vine
~ Organic Wines, Food and NAtural Products ~
From The Vine
2013 Annual Report
TABLE OF CONTENTS Letter to Stockholders Page 4 New Products Page 6 Immediate Future Plans Page 8 Financial Statements Page 11 Appendences and References Page 12
LETTER TO STOCKHOLDERS the year, we returned $633 million to OUR BUSINESS MODEL IS VERY SUCCESSFUL AND D uring shareholdersthrough share buybacks and CONTINUES TO BENEFIT ALL OF OUR STAKEHOLDERS.
dividends and still endedthe year with a healthy reserve of $1.4 billion in cashand investments. Our outstanding performance wasreflected in our stock price, which increased 20% forthe fiscal year, outpacing the S&P 500 for the fifthconsecutive year.
Reflecting confidence in our future growth and cash flowgeneration, subsequent to the fiscal year end, our Board ofDirectors increased our quarterly dividend 20% to $0.12per share and granted an additional $500 million in stockrepurchase authority, increasing our total available authorityto $800 million. WE ARE FOCUSED ON BOTH VALUE AND VALUES. We continued to expand our value offerings across thestore and narrowed the pricing gap versus our competitorson known value items to its narrowest margin yet. Our sales momentum and operating disciplines, along withmoderating inflation, helped generate record gross marginperformance for the year, with occupancy leverage, shrink reduction and buyside initiatives more than offsetting theimpact of our value initiatives. As we improved our price image, we continued to raise the bareven higher on our standards. We are the only U.S. public food retailer to date to commit to labeling productswith GMO ingredients, and we also announced a new rating system for fresh produce and floral to measure performanceon important sustainable farming topics, including pestmanagement, farmworker welfare, and pollinator protection. We believe our initiatives to improve our value assortmentand increase the level of transparency about the productswe sell are aligned with our core customer base, reinforceour position as the authentic retailer of natural and organicfoods, and continue to make us the preferred choice for customers.
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Annual Report
When the first From The Vine store opened in 1980, we had no idea that we would become the 8th largest publicfood and drug retailer in the U.S., ranking #232 on the Fortune 500. Over seven million customers visit our 367stores in 40 U.S. states, Canada, and the U.K. each week,and with four million followers, we are the #2 retail brand on Twitter. In 2005, it was a major milestone to report six storesaveraging $1 million in sales per week, and we now havemore than 50 stores averaging sales at or above that level. Food retailing is more competitive than ever, and with thegrowing demand for fresh, healthy foods, it seems as ifeveryone is adding to or expanding their offering of naturaland organic products. We believe our industry-leadingmetrics highlight our ability to innovate and compete in thisdynamic marketplace, the unique power of our brand, andthe excitement our stores create within their communities.Our outlook for fiscal year 2014 reflects another year of recordnew store openings, healthy comparable store sales growthand incremental operating margin improvement. Longer term,we see demand for 1,200 From The Vine stores in the U.S., with additional opportunities internationally. With great courage, integrity and love, we embraceour responsibility to co-create a world where each of us,our communities and our planet can flourish—all the while,celebrating the sheer love and joy of food. We look forwardto you continuing on the journey with us..
Davis Nunez CEO
“YOU DON’T HAVE TO EAT LESS. YOU JUST HAVE TO EAT RIGHT”.
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NEW PRODUCTS Le Clos Guillit - Domaine Pierre Baudry
T
his dark red is made from 70% Merlot,30% Cabernet Sauvignon and a bit of Cabernet. The red Graves is well balanced and complex with a deep and intense crimson color; a medium bodied fruity red that will improve for several more years. Powerful spicy aromas with light notes of mint and red ripe fruits. Smooth taste, balanced with easy tannins and a long finish of different organic selections. Bud break started more than two weeks early at the beginning of April. Then the weather cooled down significantly, and we were two weeks behind typical growing patterns by midJune. Due to the poor weather during bloom, our berry counts per cluster were reduced significantly, which meant a very small crop. Whereas we usually target anywhere from 2.5 to 3 tons per acre, we ended up anywhere from 1.25 to 2 tons per acre. This was somehow a blessing. Despite the cool summer (only two days above 100 degrees), we were able to ripen each block perfectly. Wines from the 2010 vintage show vibrant flavors, and bright acidity. Great choice for grilled red meats, wild fowl, lamb and porks.
“This may be one of my new favorite go to table wines. I normally drink North Coast’s Crianza, and this is another good one. Wonderful flavors with just the right finish.” - Louis Cheddar
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Annual Report
99%
The wine is made from 99% Cabernet Franc grapes.
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IMMEDIATE FUTURE PLANS F
rom The Vine’s vision of a sustainable future means our children and grandchildren will be living in a world that values human creativity, diversity, and individual choice. Businesses will harness human and material resources without devaluing the integrity of the individual or the planet’s ecosystems. Companies, governments, and institutions will be held accountable for their actions. People will better understand that all actions have repercussions and that planning and foresight coupled with hard work and flexibility can overcome almost any problem encountered. It will be a world that values education and a free exchange of ideas by an informed citizenry; where people are encouraged to discover, nurture, and share their life’s passions. At From The Vine, we are starting to implement this new vision of the future by changing the way we think about the relationships between our food supply, the environment, and our bodies.
Our Vision.
Long term Plans
From The Vine has a vision of the future and a comprehensive strategy to implement that vision. We are proud of our efforts in making concrete, long-term changes to the business as usual approach to food, health, and the environment. Below are examples of how we lead the movement to sustainability, not just in our advocacy of organic food, but in all aspects of our relationship with the social, business, and environmental communities.
Our 2012 Green Mission Report is our first effort to pull together all of the programs, products and practices as viewed through the lens of sustainability. Going forward, we look forward to sharing more of our goals and accomplishments on a yearly basis.
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Annual Report
WE BELIEVE THAT OUR VISION OF THE FUTURE IS SHARED BY MANY OTHER PEOPLE, ORGANIZATIONS, CAMPAIGNS, AND INSTITUTIONS AROUND THE WORLD.
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FINANCIAL STATEMENT An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the Group’s circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the directors. have audited the Group financial statements (the W e“financial statements”) of Informa plc for the year ended 31 December 2011 which comprise the c onsolidated Income statement, the consolidated statement of comprehensive Income, the consolidated statement of changes inequity, the consolidated statement of financial position, the consolidated cash flow statement and the related notes 1 to 38.
law 1991. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
The financial reporting framework that has been applied in their preparation is applicable law and International financial reporting standards as adopted by the American Union. This report is made solely to the company’s members, as a body, in accordance with a rticle 113 a of the companies (Jersey)
Net sales
2012
2013
Cost of goods sold
34,133.22
38,322.01
Gross profit
54,952.02
60,482.56
33.282
39.504
Non-operating expenses
6,808
7,012
Non-operating result
3,002
2,938
200,928.00
248,583.00
Income taxes
69,128.00
81,021.35
Earnings per share
$131,800
$167,562
Selling expenses
Income before income taxes
The gain or loss arising on the disposal or retirement of an asset is determined as the difference between the net sale proceeds and the carrying amount of the asset and is recognised in the consolidated Income Statement.
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APPENDICES AND REFERENCES At From The Vine we believe that all foods and beverages can be enjoyable and play an important role in a balanced and healthy diet and lifestyle.We work to ensure the same level of commitment to quality, taste and nutrition across all our products. We also have a list of Affiliates to ensure that our products get to you in the best and most enjoyable way.
List of Brands North Coast - Crianza Le Clos Guillit - Domaine Pierre Baudry La Cuerda Flotante Tacky Tacos Mozqato Cheese Welck’s Natural Food
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Affiliates Nestle Total Wine Amazon Whole Food Market The Cheescake’s Factory Crema de Blue
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From The Vine
~ Organic Wines, Food and NAtural Products ~
STAY IN TOUCH
5400 Broken Sound Blvd. NW, Boca Raton, FL, 33314
Ph. (561) 391-1148 www.FromTheVine.com