Whole Foods Q2 Profit Meets Estimate; Revenue Misses

(RTTNews) - Organic grocer Whole Foods Market, Inc. (WFM) reported net income for the second quarter of $158 million or $0.44 per share, compared to $142 million or $0.38 per share for the year-ago quarter.

The latest quarter results include a non-routine supplier credit of $7 million, or $0.01 in diluted earnings per share.

Sales for the second quarter rose 10% to $3.65 billion from $3.32 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.43 per share on revenue of $3.70 billion for the second quarter. Analysts' estimates typically exclude special items.

Looking forward, the company continues to forecast sales growth of over 9% and same-store sales growth in the low to middle single digit for the fiscal year 2015.