US: Whole Foods narrows FY sales outlook
- FY sales target cut
- Q1 net profit up 24%
- Q1 net sales climb 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%.
- Rise of prepared foods in US grocers - analysis
- How are brands organising for e-commerce?
- Hershey results, outlook, M&A - the top takeaways
- Free-from firm BFree Foods - bitesize interview
- Work on sugar could stir more clean-label concerns
- Fazer buys European biscuit brands from Mondelez
- Kellogg launches Special K breakfast quiches
- Murray Goulburn accused of "misleading" the market
- Mondelez sees stronger margins, LFL growth
- Hormel targets cancer patients with new range