Whole Foods Market
The 10-second takeaway
For the quarter ended Jan. 20 (Q1), Whole Foods Market met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded significantly.
Margins increased across the board.
Whole Foods Market booked revenue of $3.86 billion. The 22 analysts polled by S&P Capital IQ expected revenue of $3.87 billion on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $3.39 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 $0.78. The 25 earnings estimates compiled by S&P Capital IQ anticipated $0.77 per share. GAAP EPS of $0.78 for Q1 were 20% higher than the prior-year quarter's $0.65 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 35.0%, 30 basis points better than the prior-year quarter. Operating margin was 6.2%, 50 basis points better than the prior-year quarter. Net margin was 3.8%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.05 billion. On the bottom line, the average EPS estimate is $0.74.
Next year's average estimate for revenue is $13.13 billion. The average EPS estimate is $2.90.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,436 members out of 5,000 rating the stock outperform, and 564 members rating it underperform. Among 1,512 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,414 give Whole Foods Market a green thumbs-up, and 98 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Whole Foods Market is outperform, with an average price target of $103.71.
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