Whole Foods Market clipped by stalled comp growth

|About: Whole Foods Market, Inc. (WFM)|By:, SA News Editor

Whole Foods Market (WFM) reports comparable-store sales increased 5.4% in FQ1 to miss the estimates of analysts. Transactions increased by 3.1%, while the average basket size of customers was 2.3% higher.

Weekly sales per square foot came in at $983.

An early look at FQ2 shows comparable store sales growing at a 5.6% clip.

The company sees FY14 EPS $1.58-$1.65, lower than prior guidance of $1.65-$1.69 and the consensus estimate of $1.68 for the period.

WFM -5.3% AH