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On Earnings Beat, Whole Foods Market (WFM) Stock Climbs Higher

Whole Foods Market Inc. WFM just released their second quarter fiscal 2016 earnings results, posting earnings of $0.44 per share and revenue of $3.696 billion.

Currently, WFM has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Whole Foods:                            

Beat earnings estimates. The company posted $0.44 per share, surpassing our Zacks Consensus Estimate of $0.41.

Missed revenue estimates. The company saw revenue figures of $3.696 billion, missing our estimate of $3.739 billion.

WFM expects its operating margin to decrease by 70 basis points from the 6.1% reported last year excluding fourth quarter charges.

“In addition to becoming more competitive on price, we are making measurable progress in fundamentally evolving our business and providing an enhanced experience for our customers across all platforms before, during and after their visit”-CEO John Mackey.

WFM was up $1.02, or 3.58%, to $29.53 as of 4:33 PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at how close our EPS consensus estimate was to Whole Foods’ EPS over the last five quarters.

 

 

Whole Foods Market is the largest purveyor of natural foods in the world. They own and operate the country's largest chain of natural food supermarkets. They are like an old-fashioned neighborhood grocery store, an organic farmer's market, a European bakery, a New York deli, and a modern supermarket all rolled into one! The Company also offers a wide variety of non-perishable natural products on its Web site at http://wholefoods.com.

Check back later for our full analysis onWhole Foods’ secondquarter earnings report!

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WHOLE FOODS MKT (WFM): Free Stock Analysis Report
 
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