Whole Foods Earnings, Revenue Jump, but Stock Falls
Whole Foods reported quarterly earnings and revenue that matched analysts' expectations on Wednesday.
Despite the in-line quarterly report, the grocery store chain's shares fell 4 percent in extended-hours trading following the release. (Click here to get the latest quotes for Whole Foods.)
The company's fiscal fourth-quarter earnings excluding items rose to 60 cents per share from 42 cents a share in the year-earlier period.
Revenue increased 23 percent to $2.9 billion from $2.35 billion a year ago.
Analysts had expected the company to report earnings excluding items of 60 cents a share on $2.91 billion in revenue, according to a consensus estimate from Thomson Reuters.