Whole Foods Rings Up Strong Sales
February 16, 2015 | 1 min to read
Whole Foods Market’s first-quarter revenue jumped 10% as same-store sales grew at a rate that matched analysts’ projections. Here are the key points from Wednesday’s quarterly earnings report.
What you need to know: The upscale grocery chain posted quarterly revenue of $4.7 billion, which is up from $4.2 billion during the same quarter last year. Profits rose nearly 6% year-over-year, to $167 million, or 46 cents per share. The results just squeaked past Wall Street’s forecasts, as analysts predicted earnings of 45 cents per share, according to Thomson Reuters.
Strong same-store sales helped rally Whole Foods’ share price, which gained 2.8% in after-hours trading after already rising 0.9% during the day. Whole Foods also said Wednesday that it is targeting same-store sales growth for the full year “in the low to middle single digits.”
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