Whole Foods Market Posts Record Sales For July Quarter 2016

Whole Foods Market, Inc. reported total sales increased to a record $3.7 billion for the 12-week third quarter ending July 3, 2016. Comparable store sales declined 2.6 percent, with net income at $120 million, or 3.2 percent of sales, during the quarter. According to the retailer, earnings before interest, taxes, depreciation, and amortization were $326 million, or 8.8 percent of sales. Adjusted return on invested capital was 13 percent, the company said. Whole Foods Market produced $189 million in cash flow from operations during the quarter, returned $44 million in quarterly dividends to shareholders, and bought back $195 million or 6.5 million shares of common stock.