Whole Foods Market (WFM) Message Board

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Non-Tech : Whole Foods Market (WFM)

WFM 41.99

0.0%

Aug 29 5:00 PM EST

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To: Ron who wrote (417)	7/30/2014 10:35:41 PM
From: Sr K	Read Replies (1) of 438

CNBC and TheStreet and even Reuters, and MarketWatch are putting out misleading headlines. TheStreet states "Ends Share Buybacks". They are ending the current program and opening up a new bigger one: From today's release: During the quarter, the Company produced $240 million in cash flow from operations and invested $204 million in capital expenditures, resulting in free cash flow of $36 million. In addition, the Company returned $44 million in quarterly dividends to shareholders and repurchased $361 million of common stock. The Company ended the quarter with total cash and cash equivalents, restricted cash, and investments of approximately $1.1 billion. The Company's Board of Directors today announced a new share repurchase program with $1 billion in authority through August 1, 2016, and canceled the $322 million in remaining authority under the Company's existing share repurchase program. These changes are effective as of August 1, 2014. The Board's authorization does not obligate the Company to acquire any particular amount of common stock, and the program may be suspended or discontinued at any time at the Company's discretion.

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