what do you guys think about this? second quarter results on Wednesday, May 2, 2012. Any reason why this should just not keep moving 40% up year over year? or is it maxed out and a U turn is coming like Abercrombie & Fitch?
WFM - Whole Foods Market, Inc.(NASDAQ:WFM)
Old link, but talk about a growth play. Looking to increase retail locations by 3x to 1000 stores.
Whole Foods quarterly sales hold up, shares soar
* 3rd quarter EPS $0.63 vs Street view $0.61
* Same-store sales up 8.2 percent
* Raises full-year profit outlook
* Shares jump 11 percent
July 25 (Reuters) - Whole Foods Market Inc reported quarterly profit that topped Wall Street's view after sales at established stores defied the softening U.S. economy, sending the upscale grocer's shares surging 11 percent in an after-hours relief rally.
Investors had worried that Whole Foods' industry-leading same-store sales would cool, especially after top performing restaurant chain Chipotle Mexican Grill Inc flagged a slowing at its restaurants open at least 13 months.
Whole Foods shares had been down almost 7 percent since Chipotle reported earnings on July 19.
Both Chipotle and Austin, Texas-based Whole Foods appeal to health-conscious and relatively affluent consumers willing to spend a bit more for higher quality.
Whole Foods has lured many of these shoppers away from mainstream supermarkets such as Kroger Co, Safeway Inc and Supervalu Inc, which are fighting for every sale to more price-sensitive shoppers.
"In an economic environment that is proving to be difficult for many retailers, we are thriving," Walter Robb, co-chief executive officer of Whole Foods Market, said in a statement.
Robb said the chain would continue to gain market share by further differentiating shopping at its stores, improving competitive pricing and reinforcing its brand as "America's healthiest grocery store."
Net income at Whole Foods was up 32 percent to $116.8 million, or 63 cents per share, for its fiscal third quarter that ended July 1, topping analysts average estimate by 2 cents per share, according to Thomson Reuters I/B/E/S.
Same-store sales at Whole Foods, the biggest U.S. grocery chain that focuses on organic and natural food products, were up 8.2 percent - roughly in line with the 8.4 percent gain analysts expected, according to Thomson Reuters data.
Total sales for the quarter rose almost 14 percent to $2.7 billion.
Based on the third quarter beat, Whole Foods raised its full-year earnings forecast to a range of $2.51 to $2.52 per share, up from $2.44 to $2.47 per share previously.
Whole Foods shares jumped to $94.05 from their close of $84.53.
Broke $100 after hours. BOD approved a 2:1 split for shareholders on record as of May17th. Beat earnings estimates of .73c. I could see this hitting $105 tomorrow.
Easily the best retail investment for the next 10yrs IMO.