Whole Foods Meets on Q1, but EPS Guidance Falls Short (WFM)

Whole Foods Meets on Q1, but EPS Guidance Falls Short

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Whole Foods Market's (NASDAQ: WFM ) results for Q1 2013 were broadly in line with analysts' expectations. For the quarter, the company's sales grew by 14% on a year-over-year basis to $3.9 billion. Net profit advanced to $146 million ($0.78 per diluted share), a 24% gain over Q1 2012's result of $118 million ($0.65). Comparable-store sales grew by 7% over that period, and the company opened 10 new stores during the quarter.

Whole Foods also updated its forward guidance for fiscal 2013. The company expects EPS of $2.83 to $2.87 for the year, below the average analyst estimate of $2.90.

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