Whole Foods Surges
NEW YORK (
) --
Whole Foods Market
(WFMI)
is surging after-hours, following better-than-expected fourth-quarter earnings, and upped sales guidance.
During the quarter, the high-end grocer earned $57.5 million, or 33 cents a share, compared with $36.4 million, or 20 cents, in the year-ago period. Analysts were calling for a profit of 28 cents a share.
Whole Foods sales grew nearly 15% to $2.1 billion, while comparable sales gained 8.7%.
Whole Foods raised its 2011 same-store sales guidance, now expecting a range of up 5.5% to 7.5%, from prior outlook of 5% to 7%.
Shares of Whole Foods are advancing 6.7% to $43.84 in extended trading.
--Written by Jeanine Poggi in New York.
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