Whole Foods Updates Fiscal Year Outlook - Quick Facts

(RTTNews) - Whole Foods Market, Inc. (WFM) said, for fiscal 2016, the company now expects to be at or below the low end of its prior sales and earnings per share ranges, reflecting recent sales trends and additional investments in marketing and technology in the second half of the year. The company expects earnings per share for the fiscal year of up to $1.53, implying up to $0.63 for the remainder of the year. Whole Foods anticipates sales growth of up to 3%, reflecting a decline in comps of up to 2%.

For the 12-week second quarter ended April 10, 2016, total sales increased to a record $3.7 billion. Comparable store sales decreased 3.0%. EBITDA were $353 million, or 9.5% of sales, earnings per share were $0.44, for the quarter.