Whole Foods Market (Nasdaq: WFM ) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 1 (Q3), Whole Foods Market met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.
Margins improved across the board.
Whole Foods Market tallied revenue of $2.73 billion. The 22 analysts polled by S&P Capital IQ looked for a top line of $2.73 billion on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $2.40 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.63. The 24 earnings estimates compiled by S&P Capital IQ forecast $0.61 per share. GAAP EPS of $0.63 for Q3 were 26% higher than the prior-year quarter's $0.50 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 36.0%, 60 basis points better than the prior-year quarter. Operating margin was 7.0%, 100 basis points better than the prior-year quarter. Net margin was 4.3%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.90 billion. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $11.68 billion.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,258 members out of 4,826 rating the stock outperform, and 568 members rating it underperform. Among 1,420 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,318 give Whole Foods Market a green thumbs-up, and 102 give it a red thumbs-down.
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