Whole Foods Market (WFM – Analyst Report) released their first quarter fiscal 2016 earnings results, posting earnings of $0.46 and revenue of $4.83 billion.
Currently, WFM has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Whole Foods:
1. Beat earnings estimates. The company posted $0.46 per share, surpassing our Zacks Consensus Estimate of 0.40.
2. Beat revenue estimates. The company saw revenue figures of $4.83 billion, just beating our estimate of $4.813 billion. This number reflects a positive 3.4% year-over-year basis.
3. Produced $232 million in cash flow from operations, invested $179 million in capital expenditures, returned $45 million in quarterly dividends to shareholders, and repurchased $634 million, or 21.2 million shares of common stock.
4. Walter Robb, co-chief executive officer of Whole Foods Market said that “We improved our cost structure, stepped up our value efforts, and are excited to announce today the national launch of digital coupons within our mobile app. We believe we will deliver strong returns to shareholders over the long term as we improve our price perception, better communicate our higher quality standards and differentiation, and continue to fundamentally evolve our business.”
5. WFM was down a slight $0.15, or 0.52%, to $28.72 as of 4:41 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at Whole Foods Market’slong-term quarterly revenue and growth rate:
Whole Foods Market Inc. (WFM – Analyst Report) Quarterly Revenue & Growth Rate | FindTheCompany
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