US: Whole Foods narrows FY sales outlook

By Michelle Russell | 14 February 2013

  • FY sales target cut
  • Q1 net profit up 24%
  • Q1 net sales climb 7.2%
Comparable store sales increased 7.2%

Comparable store sales increased 7.2%

US natural and organic retailer Whole Foods Market has narrowed its full-year sales target.

Whole Foods narrowed its 2013 forecast for growth in sales at established stores to a range of 6.6% to 8% from 6.5% to 8.5% previously. It maintained guidance for full-year EPS of $2.83 to $2.87.

The new forecast came as Whole Foods reported its first-quarter financial results. In the three months ended 20 January, net profit climbed 24% to US$146m,

Total sales increased 14% to $3.9bn. Comparable-store sales increased 7.2%, and identical-store sales, excluding one relocation and three expansions, increased 7.1%.

Sectors: Financials, Natural & organic, Retail

Companies: Whole Foods Market

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