Whole Foods Meets on Q1, but EPS Guidance Falls Short

Whole Foods Market's results for Q1 2013 were broadly in line with analysts' expectations. For the quarter, the company's sales grew by 14% on a year-over-year basis to $3.9 billion. Net profit advanced to $146 million ($0.78 per diluted share), a 24% gain over Q1 2012's result of $118 million ($0.65). Comparable-store sales grew by 7% over that period, and the company opened 10 new stores during the quarter.

Whole Foods also updated its forward guidance for fiscal 2013. The company expects EPS of $2.83 to $2.87 for the year, below the average analyst estimate of $2.90.

The article Whole Foods Meets on Q1, but EPS Guidance Falls Short originally appeared on Fool.com.

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