Whole Foods Market (WFM) Reports In-Line Q2 EPS, Revenues In-Line; Offers FY EPS Guidance

Whole Foods Market (NASDAQ: WFM) reported Q2 EPS of $0.37, in-line with the analyst estimate of $0.37. Revenue for the quarter came in at $3.74 billion versus the consensus estimate of $3.73 billion.

GUIDANCE:

Whole Foods Market sees FY2017 EPS of $1.30, versus the consensus of $1.33.

Fiscal Year 2017 Updated OutlookThe Company’s outlook excludes $76 million, or $0.14 per diluted share, in charges incurred in the first and second quarters, as well as potential future LIFO adjustments and share repurchases.

The Company remains focused on the metrics it believes are key to the long-term health of its business, and is targeting:

• Sales growth of 1.0% or greater
• Comps of approximately -2.5% or better
• Ending square footage growth of approximately 5% net of closures, reflecting approximately 30 new stores, including up to seven relocations and three 365 stores
• Diluted EPS of $1.30 or greater
• EBITDA margin of approximately 8%
• Capital expenditures of approximately 4% of sales
• ROIC of approximately 11%

For earnings history and earnings-related data on Whole Foods Market (WFM) click here.

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