AUSTIN, Texas, July 30, 2014 (GLOBE NEWSWIRE) -- Whole Foods Market, Inc. (Nasdaq:WFM) today reported results for the 12-week third quarter ended July 6, 2014. For the quarter, total sales increased 10% to a record $3.4 billion. Comparable store sales increased 3.9%, including a positive impact of approximately 60 basis points from Easter shifting from the second quarter last year to the third quarter this year, on top of a 7.5% increase in the prior year. A spread of approximately 40 basis points between comparable store and identical store sales growth was due to three relocations and one expansion. Average weekly sales per store were $736,000, translating to another quarter of sales per gross square foot of over $1,000. Operating income was $243 million, or 7.2% of sales, and earnings before interest, taxes, depreciation and amortization ("EBITDA") were $331 million, or 9.8% of sales. Net income was $151 million, or 4.4% of sales, diluted earnings per share were $0.41, and return on invested capital was 16.4%. Results reflect a LIFO charge of $11 million, or 31 basis points, and the repurchase of approximately 9.1 million shares of common stock.
Whole Foods Market Reports Third Quarter Results
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