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Actionable news in WFM: Whole Foods Market, Inc.,

Whole Foods Spikes After Strong Results, Management Changes And Dividend Hike

  • Revenue of $6.2 billion, up 13.8 percent year-over-year, also comes in $360 million above expectations.
  • Company says Q4 comps are down 2.6 percent year-over-year.
  • Management guides forfiscal 2017 sales growth of 2.5 percent to 4.5 percent.
  • Management sees fiscal 2017 EPS of $1.42 or more, versus expectations for $1.51 in EPS.
  • Whole Foods Market eliminates its co-CEO structure, and appoints John Mackey as sole CEO.
  • The Board declared an increase in the stock’s quarterly dividend from $0.135 per share to $0.14 per share.
  • Shares are trading up more than 4 percent in Wednesday’s after-hours session.

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