BofA/Merrill Lynch Downgrades Whole Foods Market (WFM) to Underperform
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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
