The company estimates that the negative impact on net income from the acquisition of Wild Oats was approximately $8.6 million, or $0.06 per diluted share, in the quarter.
The company reported sales of $1.87 billion for the second quarter ended April 13, 2008, a 27.6% increase, compared to $1.46 billion in the same quarter of fiscal 2007. Comparable store sales increased 6.7%, and identical store sales, excluding four relocated stores and two major expansions, increased 5.1%.
For the 28-week period ended April 13, 2008, sales were $4.3 billion, a 29.7% increase, compared to $3.3 billion in the same period of 2007. Comparable store sales increased 8.2%, and identical store sales, excluding five relocated stores and three major expansions, increased 6.2%. Net income was approximately $79.1 million, and diluted earnings per share were $0.56.
John Mackey, chairman, CEO and co-founder of Whole Foods Market, said: "Our business model is very successful. We are continuing to produce higher sales, comps and sales per square foot than our public competitors, and the results in our core stores are strong. We believe the investments we are making today in our new, acquired and existing stores will result in strong earnings growth in the future, and we are continuing to move forward with executing our long-term growth plans."
http://www.datamonitor.com
Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
|
|
