Whole Foods Market (WFM) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.44 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.41. The company posted revenue of $3696.00 million in the period, compared to analysts expectations of $3740.40 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Many Wall Street Analysts have commented on Whole Foods Market. Whole Foods Market was Initiated by Wells Fargo to “Market Perform” on Feb 17, 2016. Whole Foods Market was Upgraded by Longbow to ” Neutral” on Feb 5, 2016.
Whole Foods Market closed down -0.03 points or -0.10% at $29.05 with 73,42,528 shares getting traded on Monday. Post opening the session at $29.12, the shares hit an intraday low of $28.75 and an intraday high of $29.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 22, 2016, Shahid M Hassan (director) sold 750 shares at $33.43 per share price. According to the SEC, on Mar 11, 2016, James P Sud (EVP Growth & Business Develop) sold 4,000 shares at $33.26 per share price. On Mar 10, 2016, Laura A Derba (Regional President) sold 744 shares at $33.96 per share price, according to the Form-4 filing with the securities and exchange commission.
Whole Foods Market Inc. (Whole Foods Market) is a retailer of natural and organic foods and grocer. The Company has one operating segment natural and organic foods supermarkets. As of September 29 2013 Whole Foods Market operated 362 stores in the United States Canada and the United Kingdom. The Companys offices are supported by its headquarters regional offices distribution centers bakehouse facilities commissary kitchens seafood-processing facilities meat and produce procurement centers and a specialty coffee and tea procurement and roasting operation. The Companys product selection includes grocery meat seafood bakery prepared foods and catering coffee tea beer wine cheese nutritional supplements vitamins body care and lifestyle products including books pet products and household products. The Companys 365 and 365 Organic Everyday Day Value brands account for approximately half of its brand items.