Whole Foods Market, Inc. (NASDAQ:WFM) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 6.23%.
Whole Foods Market, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 30% to $0.78 in the quarter versus EPS of $0.65 in the year-earlier quarter.
Revenue: Rose 13.98% to $3.87 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Whole Foods Market, Inc. reported adjusted EPS income of $0.78 per share. By that measure, the company beat the mean analyst estimate of $0.77. It missed the average revenue estimate of $3.87 billion.
Quoting Management: “We opened a record number of stores and delivered another quarter of strong sales and earnings growth,” said Walter Robb, co-chief executive officer of Whole Foods Market. “We are well-positioned to internally fund our expansion plans and have the pipeline and infrastructure in place for square footage growth to accelerate through 2014 and hopefully beyond.”
Key Stats (on next page)…