Back to top

Image: Bigstock

Whole Foods (WFM) Gains 4.5% on Q4 Earnings Beat, Revenues In-Line

Read MoreHide Full Article

Whole Foods Market just released its fourth quarter fiscal 2016 financial results, posting diluted earnings of 28 cents per share and revenues of $3.5 billion. WFM is a Zacks Rank #4 (Sell), and is up 4.52% to $29.80 per share in after-hours trading after its earnings report was released.

Beat earnings estimates. The company reported diluted earnings of 28 cents per share, topping the Zacks Consensus Estimate of 24 cents per share but decreasing over 6% year-over-year.

Met revenue estimates. The company saw revenue figures of $3.5 billion, in-line the Zacks Consensus Estimate of $3.507 billion and increasing 1.7% year-over-year.

Whole Foods saw comparable store sales decrease 2.6% in Q4, with net income coming in at $88 million, or 2.5% of sales.

In the fourth quarter, Whole Foods opened five new stores, including two 365 by Whole Foods Market stores and one relocation.

For its fiscal 2017, the company expects sales growth of 2.5% to 4.5%, comps of -2% to 0%, and diluted EPS of $1.42 or greater, excluding any potential share repurchases.

“In a year that presented many headwinds for food retailers, we made measurable progress on positioning our company for continued success while producing industry-leading sales per gross square foot and healthy returns on invested capital,” said John Mackey, co-founder and co-chief executive officer of Whole Foods Market.  

Here’s a graph that looks at Whole Foods’ price and consensus:

WHOLE FOODS MKT Price and Consensus

WHOLE FOODS MKT Price and Consensus | WHOLE FOODS MKT Quote

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

Stocks that Aren't in the News…Yet

You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>