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Whole Foods delivers record Q2 sales

Whole Foods ended the quarter with total cash and cash equivalents, restricted cash, and investments of approximately $1.1 billion.

May 12, 2015

Whole Foods Market reported that total sales increased 10 percent to a record $3.6 billion for Q2, ending April 12, 2015. For the quarter. Comparable store sales on a constant currency basis increased 3.6 percent, including an estimated 50 basis point positive impact from Easter shifting from the third quarter last year to the second quarter this year.

"Our results reflect another quarter of record sales and healthy returns on invested capital," John Mackey, co-founder and co-chief executive officer of Whole Foods Market, said in a statement. "Our Whole Foods Market brand has helped lead the shift in consciousness toward fresh, healthy foods by offering the highest quality, broadest selection, and best customer service, and we believe we can triple the number of Whole Foods Market stores in the United States. At the same time, we also see an opportunity to leverage our long history of retail innovation and extend our reach in the marketplace."

Earnings before interest, taxes, depreciation and amortization were $355 million, or 9.7 percent of sales. Diluted earnings per share were $0.44, a 14-percent increase over the prior year. Results included a non-routine supplier credit of $7 million, or $0.01 in diluted earnings per share.

During the quarter, the company produced $322 million in cash flow from operations and invested $206 million in capital expenditures, resulting in free cash flow of $116 million. In addition, it returned $47 million in quarterly dividends to shareholders and repurchased $47 million of common stock, or 0.9 million shares.

"Today, we are excited to announce the launch of a new, uniquely-branded store concept unlike anything that currently exists in the marketplace," Walter Robb, co-chief executive officer of Whole Foods Market, said in a statement. "Offering our industry-leading standards at value prices, this new format will feature a modern, streamlined design, innovative technology and a curated selection. It will deliver a convenient, transparent, and values-oriented experience geared toward millennial shoppers, while appealing to anyone looking for high-quality fresh food at great prices."

Whole Foods ended the quarter with total cash and cash equivalents, restricted cash, and investments of approximately $1.1 billion.

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