Whole Foods Market tops 4Q earnings expectations, meets revenue forecasts

AUSTIN, Texas – AUSTIN, Texas (AP) _ Whole Foods Market Inc. (WFM) on Wednesday reported net income of $128 million in its fiscal fourth quarter.

On a per-share basis, the Austin, Texas-based company said it had profit of 35 cents.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.

The grocery chain posted revenue of $3.26 billion in the period, which met Street forecasts.

Whole Foods shares have fallen 31 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 9.5 per cent. In the final minutes of trading on Wednesday, shares hit $39.99, a fall of 37 per cent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. WFM stock research report from Zacks.


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