Whole Foods Market Inc Reveals 56% Retreat In Q4 Profit

(RTTNews) - Whole Foods Market Inc (WFM) reported earnings for fourth quarter that lost ground compared to the same period last year.

The company said its profit declined to $56 million, or $0.16 per share. This was down from $128 million, or $0.35 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.5% to $3.44 billion. This was up from $3.26 billion last year.

Whole Foods Market Inc earnings at a glance:

-Earnings (Q4): $56 Mln. vs. $128 Mln. last year. -Earnings Decline (Y-o-Y): -56.2% -EPS (Q4): $0.16 vs. $0.35 last year. -EPS Decline (Y-o-Y): -54.3% -Analysts Estimate: $0.35 -Revenue (Q4): $3.44 Bln vs. $3.26 Bln last year. -Revenue Change (Y-o-Y): 5.5%