RBC Capital Reiterates Outperform on Whole Foods Market (WFM) Following 4Q Results
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Whole Foods Market Reports Fourth Quarter and Fiscal Year 2016 Results
November 2, 2016 4:16 PM EDTAUSTIN, Texas, Nov. 02, 2016 (GLOBE NEWSWIRE) -- Whole Foods Market, Inc. (NASDAQ: WFM) today reported results for the 12-week fourth quarter ended September 25, 2016. For the quarter, total sales increased to a record $3.5 billion. Comparable store sales decreased 2.6%. Net income was $88 million, or 2.5% of sales, and diluted earnings per share were $0.28. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $276 million, or 7.9% of sales, and return on invested capital was 13%. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release.
During the quarter, the Company produced... More
Whole Foods Market Announces Changes to Leadership; Eliminates Co-CEO Structure; Appoints John Mackey CEO
November 2, 2016 4:16 PM EDTAUSTIN, Texas, Nov. 02, 2016 (GLOBE NEWSWIRE) -- The Board of Directors of Whole Foods Market (NASDAQ: WFM) today announced changes to the leadership structure, including transitioning from co-Chief Executive Officers to a sole Chief Executive Officer, with co-Founder John Mackey to serve in that capacity.
Walter Robb will remain on the Companys Board of Directors and continue to serve as Chairman for both Whole Kids Foundation and Whole Cities Foundation. He will officially transition his co-CEO responsibilities on December 31, 2016, and will continue to be a senior advisor to the Company. Robb has... More
PBS KIDS and Whole Foods Market Unveil Exclusive Holiday Toy Line
November 1, 2016 9:01 AM EDTNew Aurora® plush toys encourage kids to learn about endangered species and PlanToys® help build motor skills
