WASHINGTON (dpa-AFX) - Whole Foods Market Inc. (WFM) reported first-quarter net income of $118.3 million or $0.65 per share, compared to $88.7 million or $0.51 per share in the prior year quarter.
Sales for the quarter increased 13% to $3.39 billion from $3.00 billion in the comparable quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.60 per share on revenue of $3.38 billion for the quarter. Analysts' estimates typically exclude special items.
Comparable store sales increased 8.7%, or 17.7% on a two-year stacked basis.
For fiscal year 2012, the company expects earnings of $2.28 to $2.32 per share and sales growth in the range of 13.5% to 15.0%. Analysts now project earnings of $2.28 per share and revenue of $11.59 billion for fiscal year 2012.
Earlier, the company had expected earnings of $2.21 to $2.26 per share and sales growth in the range of 13% to 15%.
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