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Whole Foods cuts outlook after 3Q sales, profit miss | The Mesh Report

Whole Foods cuts outlook after 3Q sales, profit miss

the Mesh Report Staff July 29, 2015 Comments Off on Whole Foods cuts outlook after 3Q sales, profit miss

AUSTIN, Texas (AP) _ Whole Foods Market Inc. (WFM) on Wednesday reported fiscal third-quarter net income of $154 million.

The Austin, Texas-based company said it had net income of 43 cents per share.

The results did not meet Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The grocery chain posted revenue of $3.63 billion in the period, which also missed Street forecasts. Twelve analysts surveyed by Zacks expected $3.7 billion.

Whole Foods shares have declined 19 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 2.5 percent. In the final minutes of trading on Wednesday, shares hit $40.81, a climb of slightly more than 8 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WFM at http://www.zacks.com/ap/WFM

Keywords: Whole Foods Market, Earnings Report, Priority Earnings



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