Comparable Store Sales Increase 8.2%, Including Negative 62 Basis Point Impact from Easter Shift; Company Produces Operating Margin of 6.9%, a 27% Increase in Earnings per Share to $0.63, Raises EPS Outlook for Fiscal Year 2012 by $0.05 to $0.07, and Provides Initial Outlook for Fiscal Year 2013
July 25, 2012. Whole Foods Market, Inc. (NASDAQ: WFM) today reported results for the 12-week third quarter ended July 1, 2012. Sales for the quarter increased 14% to $2.7 billion. Including a negative impact of 62 basis points from Easter shifting from the third quarter last year to the second quarter this year, comparable store sales increased 8.2%, and identical store sales, excluding six relocations and two expansions, increased 8.0%. Earnings before interest, taxes, depreciation and amortization (“EBITDA”) increased 26% from the prior year to $260.6 million, net income increased 32% to $116.8 million, and diluted earnings per share increased 27% to $0.63. “In an economic environment that is proving to be difficult for many retailers, we are thriving and pleased to report another quarter of strong growth and excellent results for our stakeholders,” said Walter Robb, co-chief executive officer of Whole Foods Market. “Our accelerated growth plans are on track, and we believe we will continue to gain market share through further differentiating our shopping experience, improving our relative value positioning, and reinforcing our position as America's healthiest grocery store.” The following table shows the Company's comparable and identical store sales results for the last five quarters and for the first three weeks of the fourth quarter through July 22, 2012.