Whole Foods Tops Q4 Expectations
The Whole Foods logo adorns a cardboard box at a Whole Foods Market. (credit: Justin Sullivan/Getty Images)
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AUSTIN (AP) - Whole Foods Market Inc. has reported a quarterly profit that topped Wall Street expectations.
Austin-based Whole Foods on Wednesday reported earning $128 million, or 35 cents per share, for the most recent quarter. That tops the 32 cents per share analysts expected. A year ago the company earned $121 million, or 32 cents per share.
Revenue rose 9.4 percent to $3.26 billion, in line with Wall Street expectations.
Whole Foods also hiked its dividend by a penny to 13 cents.
Whole Foods recently began offering one-hour delivery in 15 major markets and is installing community spaces at some locations. The list includes putting an outdoor putting green at its store in the golf-centric community of Augusta, Georgia.
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