Company Earnings Update 3 minutesRegister for Free AccessWhole Foods Market (WFM) Fiscal 3Q17 Results: Same-Store Sales Declines Persist Ahead of Pending Takeover by Amazon Coresight Research July 27, 2017 Executive Summary Whole Foods Market reported fiscal 3Q17 adjusted EPS of $0.36, ahead of the $0.33 consensus estimate but down 2.7% year over year. Total revenues were $3.73 billion, in line with the consensus estimate and up 0.6% from the year-ago quarter. Total comps decreased by 1.9% for the quarter; the decline was less than the 2.2% decline that analysts expected. The period marked the eighth consecutive quarter of comp declines, which have been driven by tougher competition from traditional grocers and big-box retailers that have been expanding their organic offerings. The company is not updating its outlook for the rest of the year, citing the pending takeover by Amazon. The e-commerce giant agreed to buy Whole Foods for $13.7 billion last month. Whole Foods expects the deal to be completed in the second half of 2017. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Fashionomics: Mapping Consumer Sentiment and Trends—Insights Presented at the AAFA Executive Summit 2024US Consumer Tracker: More Consumers Get Out and AboutGenerative AI Latest: US Companies Commit to Responsible Use, Consumers See Potential for New ApplicationsSeptember 2023 Leading Indicators of US Retail Sales: Strong Wage Growth and Labor Market Signal Positivity for Holiday Season