Whole Foods Surges on Q3 Earnings

WFM shares make double-digit gains after hours

   

Whole Foods Market‘s (NASDAQ:WFM) stock jumped nearly 12% after hours Wednesday following the company’s third-quarter earnings report.

The company’s net income for Q3 was $116.8 million, up 32% from $88.5 million in the year-ago period. Earnings per share were 63 cents, up from 50 cents a year ago and beating analyst predictions of 61 cents per share.

Revenue for the quarter was $2.7 billion, a 14% increase from last year.

Whole Foods also announced that same-store sales were up 8.2%, though that fell just short of expectations for 8.4%.

– Ryan Hauck, InvestorPlace


Article printed from InvestorPlace Media, http://investorplace.com/2012/07/whole-foods-surges-on-q3-earnings/.

©2014 InvestorPlace Media, LLC

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