│ │

│ │

-

50,000

100,000

150,000

200,000

250,000

0

200

400

600

800

1,000

2010 2011 2012 2013 2014 2015

0

50

100

150

200

250

2010 2011 2012 2013 2014 2015

Q1 Q2 Q3 Q4

│ │

Market Cap Stock Price Price/ Price/ TEV/ TEV/

Company Symbol State ($ in Mil) Price Month Change YTD Change LTM EPS Book Rev EB ITDA

Wal-Mart Stores Inc. NYSE:WMT AR 201,900$ 61.3$ 4.18% (28.62%) 36.7x 4.2x 5.6x 14.7x

Molson Coors Brewing Company NYSE: TAP CO 17,336$ 93.9$ 2.05% 26.03% 33.3x 2.4x 5.4x 16.2x

The Coca-Cola Company NYSE:KO GA 186,832$ 43.0$ 0.80% 1.75% 27.7x 7.2x 4.7x 16.2x

The Kroger Co. NYSE:KR OH 40,773$ 41.8$ 11.07% 30.29% 21.8x 6.4x 0.5x 9.2x

Whole Foods Market, Inc. NASDAQGS:WFM TX 11,432$ 33.5$ 14.92% (33.56%) 19.8x 3.1x 0.7x 7.9x

ConAgra Foods Inc. NYSE:CAG NE 18,252$ 42.2$ 3.01% 16.21% 21.4x 5.2x 1.6x 11.5x

Starbucks Corporation NasdaqGS:SBUX WA 89,133$ 60.0$ (2.22%) 46.33% 40.5x 15.3x 4.7x 19.8x

The WhiteWave Foods Company NYSE:WWAV CO 6,856$ 38.9$ (4.23%) 11.20% 45.5x 5.8x 2.4x 21.4x

Keurig Green Mountain, Inc. NasdaqGS:GMCR VT 13,423$ 90.0$ 71.72% (32.04%) 29.1x 5.1x 3.1x 13.0x

The Hain Celestial Group, Inc. NASDAQ:HAIN NY 4,159$ 40.4$ (5.41%) (30.71%) 26.2x 2.3x 1.8x 14.1x

Average 59,010$ 54.5$ 9.59% 0.69% 29.5x 5.9x 2.8x 14.4x

│ │

Average Price/ Price/ TEV/ TEV/

Market Segment Market Cap Quarter YTD LTM LTM EPS Book Sales EB ITDA

Distributors 3,878$ 0.3% (5.3%) (5.3%) 36.57x 2.90x 1.14x 10.87x

Retail 13,090$ 0.0% (12.9%) (12.9%) 20.54x 3.73x 0.87x 12.77x

Food Products 9,030$ 5.1% 11.6% 11.6% 33.78x 8.03x 1.98x 15.81x

Beverage Products 42,369$ 8.7% 12.0% 12.0% 29.30x 7.84x 2.52x 19.70x

Industry Average 11,420$ 0.6% (2.4%) (2.4%) 33.40x 7.01x 1.70x 17.81x

S&P 500 Average 39,140$ 6.5% (0.7%) (0.7%) 26.95x 5.37x 3.32x 12.05x

│ │

│ │

│ │

│