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. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: A Guide to NRF 2024: Retail’s Big Show—Looking Ahead to Insights and Perspectives on Six Critical Topics in RetailUS Store Tracker Extra, May 2023: Aldi Openings Drive Total New Retail Space to 73 Million Square FeetYour Strategic Guide to Shoptalk Europe 2023: Our Pick of the AgendaWalmart Investor Community Meeting 2023: Leveraging Automation, Targeting $130 Billion in Additional Sales in the Next Five Years