Shares of Whole Foods Market, Inc. (WFMI) are on fire tonight in afterhours after the company crushed earnings estimates and raised guidance.
Whole Foods Market Reports Fourth Quarter Results
Identical Store Sales Increase 8.7% and Accelerate to 6.4% on a Two-Year Basis;
Company Produces 4.8% Operating Margin, $0.33 in Earnings per Share and
Raises Outlook for Fiscal Year 2011 by $0.07 per Share
Whole Foods Market, Inc. (NASDAQ: WFMI) today reported results for the 12-week fourth quarter and 52-week fiscal year ended September 26, 2010.
Sales for the quarter increased 15% to $2.1 billion. Comparable and identical store sales increased 8.7%, or 7.7% and 6.4% on a two-year stacked basis, respectively. Year over year, earnings before interest, taxes, depreciation and amortization (“EBITDA”) increased 26% to $165.4 million, income available to common shareholders increased 101% to $57.5 million, and diluted earnings per share increased 63% to $0.33.
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