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Whole Foods Misses Revenue, Announces New Digital Coupons

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Whole Foods Market, Inc. (NASDAQ: WFM) reported first-quarter earnings after market close Thursday, beating earnings expectations but coming short of revenue figures. The company reported Q1 EPS of $0.46 vs. estimates of $0.40, and posted $4.8 billion in revenue against the Street's $4.81 billion benchmark.

Same-store sales for the quarter dropped 1.8 percent.

The company bought back $100 million of stock in the quarter.

The company also announced a mobile app and digital coupons with the results, hoping to cash in on the increasing emphasis on mobile.

Investors seemed pleased with the mixed results, at one point pushing shares of Whole Foods up nearly 4 percent in after-hours trading; The stock was most recently down about 0.4 percent.

Posted-In: Earnings News After-Hours Center

 

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