Whole Foods Market Earnings Preview
Whole Foods Market Inc. (WFM), one of the leading natural and organic foods supermarkets, is scheduled to report its fourth-quarter 2011 financial results after the bell on Wednesday, November 2, 2011. The current Zacks Consensus Estimate for the quarter is 41 cents a share. The Zacks Consensus estimates revenue at $2,360 million for the quarter under discussion.
Third-Quarter 2011, a Synopsis
Whole Foods Market posted better-than-expected third-quarter 2011 results on the heels of strong sales as shoppers flocked to the grocery chain, thereby encouraging it to lift its outlook. The company has been gaining market share compared with other supermarket chains. Austin, Texas based Whole Foods said that quarterly earnings of 50 cents a share surpassed the Zacks Consensus Estimate of 48 cents, and jumped 31.6% from 38 cents earned in the prior-year quarter. The company sustained its top-line growth momentum with revenue climbing 10.9% to $2,399.8 million in theComplete Story »