Karen Finerman: Whole Foods Results Positive for 'This' Stock

”This provides an excellent read through,” says Fast trader Karen Finerman. That’s her gut reaction to the latest results from Whole Foods.

”Whole Foods and Hain generally trade together,” she says, and strength in Whole Foods results should bode well for Hain, the maker of many natural and organic foods. "It's luxury food and luxury grocery shopping."

Looking at the Whole Foods results, the upscale grocer said quarterly profit rose a larger-than-expected 35 percent and it raised its full-year profit forecast, fueled by robust sales and snatching market share from other supermarkets.

By the numbers, net income for the fiscal third quarter ended July 3 rose to $88.5 million, or 50 cents per share, from with $65.7 million, or 38 per share, in the year-earlier period.

Sales rose 11 percent to $2.4 billion. Closely watched identical-store sales, which exclude relocations and expansions, jumped 8.1 percent.

"Sales momentum has been maintained, no doubt about it," adds BB&T Capital Markets analyst Andy Wolf in a Reuters interview.

Wolf says Whole Foods' upper-end consumers appear to be maintaining their shopping habits despite higher prices for food and fuel.

”Again, Whole Foods and Hain generally trade together,” adds Finerman. “It’s an incredible story.”

______________________________________________________
Got something to to say? Send us an e-mail at [e-mail] and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to [e-mail].

Trader disclosure: On July 27, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (APPL); Seymour owns (BAC); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU) ; Cortes owns U.S. Treasuries; Cortes is short (LVS); Cortes is short (LULU); Cortes is short (IYT); Cortes is short the Euro; Cortes is short Copper; Cortes is short Corn; Stutland Owns (GOOG) and short (GOOG) calls; Stutland owns Australian foreign debt; Stutland is short (V) puts and owns (V) calls; Stutland is short (GLD) puts, long (GLD) call spread, and owns the (GLD); Stutland owns (TLT), is short (TLT) calls, and short (TLT) puts; Stutland owns U.S. Treasuries; Iuorio is long (TLT)

For Karen Finerman
Finerman's Firm And Finerman Own (AAPL)
Finerman's Firm And Finerman Own (CLW)
Finerman's Firm And Finerman Own (CVS)
Finerman's Firm owns (BAC) leaps and Finerman Owns (BAC)
Finerman's Firm owns (JPM) leaps and Finerman Owns (JPM)
Finerman's Firm Is Short (IWM)
Finerman's Firm Is Short (MDY)
Finerman's Firm Is Short (SPY)
Finerman's Firm Is Long S&P 500 Puts
Finerman's Firm Is Long Russell 2000 Puts

For Brian Kelly
Accounts Managed By Brian Kelly Capital Own (TLT) calls
Accounts Managed By Brian Kelly Capital Own (GLD) calls
Accounts Managed By Brian Kelly Capital Own (GDXJ) calls
Accounts Managed By Brian Kelly Capital Own (JJC) calls
Accounts Managed By Brian Kelly Capital Own (XLI) puts
Accounts Managed By Brian Kelly Capital Own (SLV) calls
Accounts Managed By Brian Kelly Capital Own (VIX) calls
Accounts Managed By Brian Kelly Capital Own Australian Dollar
Accounts Managed By Brian Kelly Capital Own New Zealand Dollar

For Brian Stutland
Stutland's Firm Is A Market Maker Holding Positions In VIX Futures And Options, SPX options and futures, SPY options, and VXX Stock And Options

Jeff Killburg
**no disclosures

For Anthony Scaramucci
SkyBridge Capital Is A Fund Of Funds Manager
Funds Held May Or May Not Own The Recommended Securities
Scaramucci Is One Of 8 National Finance Chairs For Mitt Romney Campaign
Scaramucci held a fundraiser for Mitt Romney

Richard Bove
**no disclosures

CNBC.com with wires.