Whole Foods Spikes After Strong Results, Management Changes And Dividend Hike

by Javier Hasse, Benzinga Editor

November 2, 2016 4:29 PM | 1 min read | Make a Comment

Whole Foods Market, Inc. WFM reports Q4 EPS of $0.28, $0.04 above the Street’s consensus.
Revenue of $6.2 billion, up 13.8 percent year-over-year, also comes in $360 million above expectations.
Company says Q4 comps are down 2.6 percent year-over-year.
Management guides forfiscal 2017 sales growth of 2.5 percent to 4.5 percent.
Management sees fiscal 2017 EPS of $1.42 or more, versus expectations for $1.51 in EPS.
Whole Foods Market eliminates its co-CEO structure, and appoints John Mackey as sole CEO.
The Board declared an increase in the stock’s quarterly dividend from $0.135 per share to $0.14 per share.
Shares are trading up more than 4 percent in Wednesday’s after-hours session.

Posted In: Earnings News Guidance Dividends Management After-Hours Center Movers

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