Whole Foods Market's 4th-Quarter Net Income More Than Doubled 42 cents street expected 40. Maybe a play after all?
Whole Foods Market Inc. - Austin, Texas
4th Quar Sept. 27:
1998 1997
Sales $326,170,000 $270,452,000
Net income 11,142,000 a 5,155,000
Avg shrs (basic) 26,435,000 24,386,000
Avg shrs (diluted) 27,824,000 25,741,000
Shr earns (basic)
Net income .42 a .21
Shr earns (diluted)
Net income .40 a .20
a. Includes merger costs of $4,887,000. Excluding costs, earnings were $8.5 million,or 33 cents a diluted share.
Whole Foods Market (WFMI) said same-store sales rose 8.5% for the quarter. Thecompany owns and operates a chain of natural-foods supermarkets.
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