Whole Foods (WFM) is scheduled to report Q4 earnings after the bell today.
Cap IQ consensus calls for Q4 adj. EPS of $0.24 on revs +6% to $3.5 bln.
Current Cap IQ Consensus estimates FY 17 EPS of $1.47 on revs +4% to $16.4 bln
Look for co to provide FY 17 guidance in the release. Last Q4 the co provided guidance for the following:
- Sales growth, comps, new stores, square footage growth, EBITDA margin, Capex, and ROIC
- The co also commented on its quarterly comps expectations
Shares have traded in the 27.5/29.5 range for the next two months and WFM is currently trading at 28.25 (down 16% from pre-last quarter's earnings).
- Expects FY 17 Square footage growth of ~6%
- Q4 Guidance: Noted comps quarter-to-date of -2.4% as of July 27
On September 23, the co announced plans to purchase stake in Instacart, according to Bloomberg Bloomberg Article
Grocers: KR, SVU, WMT, WFM, TGT, SFM, WMK