Whole Foods Posts Record-High Sales For 1Q 2017

Whole Foods Market, Inc. reported total sales grew 1.9 percent to $4.9 billion for the 16-week first quarter ending January 15, 2017, compared with the same quarter in the previous year. Same-store sales, however, dropped 2.4 percent during the same period. According to the retailer, net income was $95 million, which was 1.9 percent of sales. EBITDA were $360 million, or 7.3 percent of sales, while diluted earnings per share were $0.30. Excluding charges, net income was $123 million, or 2.5 percent of sales, with diluted earnings per share at $0.39. EBITDA was 7.6 percent, with return on invested capital at 12 percent, the company said.