Company Earnings Update 2 minutesRegister for Free AccessWhole Foods Market (WFM) 3Q16 Results: Mostly In-Line Quarter; Comparable Store Sales Struggling Coresight Research July 27, 2016 Executive Summary Whole Foods Market reported fiscal 3Q16 revenues of $3.7 billion, up 2% year over year and roughly in line with the consensus estimate. Adjusted EPS was $0.37, in line with consensus and representing a 14% decrease from EPS of $0.43 in the year-ago quarter. Comparable store sales decreased by 2.6% in the quarter and transactions were down 2.7%. Year to date, comparable store sales are down 2.4%. The company downgraded its outlook for FY16, citing the year-to-date comparable store sales decrease of 2.4% and continued healthcare costs. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Retail Crime and Shrink: More Shoppers Say No to Locked-Up Merchandise; Self-Checkout Gets a MakeoverFinancial Sentiment Improves; Plus, Online Shopping in Focus: US Consumer Survey InsightsDollar Tree To Divest Family Dollar: Here’s What It Means—Consumer + Real Estate Data AnalysisUS Tariffs: Divergence Between Consumer and Business Sentiment and What It Means for Retail
