Thursday, August 5, 2010

Whole Foods Market Reports Third Quarter Results

"AUSTIN, Texas, Aug. 3 /PRNewswire-FirstCall/ -- Whole Foods Market, Inc. (Nasdaq: WFMI) today reported results for the 12-week third quarter ended July 4, 2010. Sales increased 15% to $2.2 billion. Comparable store sales increased 8.8%, or 6.3% on a two-year stacked basis. Identical store sales, excluding three relocations, increased 8.4%, or 4.6% on a two-year stacked basis. Earnings before interest, taxes, depreciation and amortization (“EBITDA”) increased 27% to $179.8 million from $141.4 million last year. Income available to common shareholders increased 88% to $65.7 million from $35.0 million last year, and diluted earnings per share increased 53% to $0.38. Results included relocation, store closure and lease termination costs of $0.7 million versus $18.2 million in the prior year. "

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