Whole Foods Market Q1 Profit Rises; Cuts FY14 EPS Outlook - Quick Facts

(RTTNews) - Whole Foods Market Inc. (WFM) Wednesday reported first-quarter net income of $158 million or $0.42 per share, compared with $146 million or $0.39 per share last year. On average, 29 analysts polled by Thomson Reuters expected the company to earn $0.44 per share. Analysts' estimates typically exclude special items.

Revenue for the quarter rose 10% to $4.24 billion from $3.86 billion a year ago, while 24 analysts estimated revenues of $4.29 billion.

On a same store basis, sales for the quarter were up 5.4 percent.

For fiscal year 2014, the company now expects earnings of $1.58 to $1.65 per share, down from prior guidance of $1.65 to $1.69 per share. Analysts expect earnings of $1.68 per share.

The company expects same store sales in 2014 in the range of 5.5 percent to 6.2 percent, from prior range of 5.5 percent to 7 percent.