Whole Foods Market Q1 Profit Tops Estimate

(RTTNews) - Whole Foods Market, Inc. (WFM) reported net income for the first quarter of $167 million or $0.46 per share, compared to $158 million or $0.42 per share for the year-ago quarter.

Net sales for the first quarter rose 10% to $4.67 billion from $4.24 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.45 per share on revenue of $4.67 billion for the first quarter.

Looking forward, the company continues to forecast sales growth of over 9% and same-store sales growth in the low to middle single digit for the fiscal year 2015.