US natural foods retailer Whole Foods Market has reported an 8% rise in quarterly net income and raised its earnings outlook for the current fiscal year.

The Austin, Texas-based company posted net income of US$23.8m, or 38 cents a share, for the fourth quarter to 28 September, compared to earnings of $22m, or 36 cents a share, a year earlier, reported Dow Jones News Service.

Total sales rose 18% to $751m from $638m in the year-ago period. Same-store sales rose 8.3%.

The company said Hurricane Isabel and the blackout in the Northeast had cut fourth-quarter earnings by $1m.

Whole Foods forecast first-quarter earnings of between 56 and 58 cents per share, compared to 42 cents per share a year earlier.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

For the full fiscal year, the company expects earnings of between $1.88 and $1.96 per share, compared to a previous forecast of $1.87 to $1.95 per share.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now