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Whole Foods Market Posts Strong Sales Growth In FY 4Q 2016

November 2, 2016: 12:00 AM EST
Whole Foods Market, Inc., reported total sales grew to a record $3.5 billion for the fourth quarter ending September 25, 2016. During the period, comparable store sales declined 2.6 percent, with net income at $88 million, or 2.5 percent of sales for the quarter. According to the retailer, earnings before interest, taxes, depreciation, and amortization were $276 million, or 7.9 percent of sales, with return on invested capital at 13 percent. Cash flow from operations were at $352 million, with the company investing $195 million in capital expenditures. Also, the company returned $44 million in quarterly dividends to shareholders and repurchased $15 million, or 0.5 million shares, of common stock.
"Whole Foods Market Reports Fourth Quarter and Fiscal Year 2016 Results", Whole Foods, November 02, 2016, © Whole Foods Market
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