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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.”
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