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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (9322)5/11/1998 9:44:00 PM
From: Jenna  Read Replies (1) of 120523
 
Whole Foods Market Reports Second Quarter Results 3 cents above estimates.

AUSTIN, TEXAS (May 11) BUSINESS WIRE -May 11, 1998-- Whole Foods Market (Nasdaq:WFMI ) ("the Company") is pleased to announce record sales and earnings for the fiscal quarter ended April 12, 1998. Sales during this twelve-week period were $325 million, an increase of 25% over sales of $260 million for the same period of the prior fiscal year. This brings year-to-date sales for the 28 weeks to $733 million, an increase of 28% over sales of $572 million in the prior year. Comparable store sales increased approximately 12% for the quarter and 13% year-to-date. Net income for the quarter increased 54% to $11.1 million from $7.2 million in the prior year, and diluted earnings per share increased 38% to $0.40, compared to $0.29 in the prior year

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