Piper Jaffray Raises Price target as Whole Foods Market (WFM) Benefits From a Better than Expected Tax Rate
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Whole Foods Market Reports First Quarter Results
February 10, 2016 4:05 PM ESTAUSTIN, Texas, Feb. 10, 2016 (GLOBE NEWSWIRE) -- Whole Foods Market, Inc. (NASDAQ: WFM) today reported results for the 16-week first quarter ended January 17, 2016. For the quarter, total sales increased 3% to a record $4.8 billion. Comparable store sales on a constant currency basis decreased 1.8%. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $399 million, or 8.3% of sales, diluted earnings per share were $0.46, and adjusted return on invested capital was 14%.
We delivered record sales of $4.8 billion this quarter and are pleased with the progress we have made on our nine-point plan outlined in November, said Walter... More
