Reuters logo
Whole Foods lowers 2014 sales forecast; shares slip
February 12, 2014 / 9:21 PM / 4 years ago

Whole Foods lowers 2014 sales forecast; shares slip

Feb 12 (Reuters) - Whole Foods Market Inc on Wednesday lowered its 2014 sales forecast after first quarter sales missed Wall Street expectations, and the grocery chain’s shares fell 2.9 percent in after-hours trading.

Same-store sales, a key gauge of performance for retailers, rose 5.4 percent for the fiscal first quarter ended January 19.

Austin, Texas-based Whole Foods, the largest U.S. natural and organic grocery chain, now expects 2014 same-store sales growth of between 5.5 percent to 6.2 percent, from a previous forecast range of 5.5 percent to 7 percent.

Net income rose to $158 million, or 42 cents per share, from $146 million, or 39 cents last year. Overall sales rose 9.9 percent to $4.24 billion. (Reporting by Phil Wahba in New York and Lisa Baertlein in Los Angeles; Editing by Nick Zieminski)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below