Whole Foods (WFM) had a good report for fiscal Q1 2016.
Whole Foods reported earnings per share of 46 cents during the first quarter of 2016. This lines up with what it reported during the same time last year. Analysts were expecting the company to report EPS of 40 cents for the quarter.
Whole Foods’s revenue for Q1 2016 was $4.82 billion. Revenue from the first quarter of 2015 was $4.67 billion. Wall Street estimates had WFM reporting revenue of $4.81 billion during its first quarter of the new year.
Whole Foods said that it expects to see a decline of up to 70 basis points in operating margin during 2016. For the full year, the company is looking toward EPS of $1.53 or greater, which leaves a minimum of $1.07 per share for the remainder of 2016.
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