Whole Foods Market Reports Record Sales For 1Q 2016

Whole Foods Market, Inc., reported total sales grew 3 percent to $4.8 billion in the quarter ending January 17, 2016. Same-store sales declined 1.8 percent on a constant currency basis, with earnings before interest, taxes, depreciation, and amortization reaching $399 million or 8.3 percent of sales. According to the retailer, diluted earnings per share were $0.46, with adjusted return on invested capital at 14 percent. For the quarter, Whole Foods reported $232 million in cash flow from operations. Also, the company said it invested $179 million in capital expenditures and returned $45 million in quarterly dividends to shareholders. It repurchased $634 million or 21.2 million shares of common stock.