Whole Foods (NASDAQ:WFM) Unveils 2Q Profit Surges On Strong Sales, Raises Outlook- WFM, SVU, SWY, KR, RNDY, CBD, HTSI

Whole Foods Market, Inc. (NASDAQ:WFM) said in its earnings report that it has signed a lease to open a store in Albany, New York.

Whole Foods Market Inc.’s Q2 profit surged almost 31% on stronger sales at its chain of natural and natural grocery stores. The firm increased its full-year outlook on the results and its shares surged in after-hours trading Wednesday.

The firm, based in Austin, Texas, is an industry standout. It was hard-hit by the slump but rapidly retooled by reducing debt, closing stores, surging its emphasis on lower-priced options and returning its focus to healthful food.

Sector analysis, over all services sector moved down, SUPERVALU INC. (NYSE:SVU) declined -1.42%, Safeway Inc. (NYSE:SWY) lost -0.60%, The Kroger Co. (NYSE:KR) slipped -0.39%, Roundy’s Inc (NYSE:RNDY) slid -1.23%, Companhia Brasileira de Distrib. (ADR) (NYSE:CBD) which also decreased -0.80% and Harris Teeter Supermarkets Inc (NYSE:HTSI) plunged -0.29%.

Whole Foods Market, Inc. (NASDAQ:WFM) stock in last session held volume of 7.46 million shares as compare to its average volume of 1.40 million shares. The stock after opening at $87.49 hit high price of $91.06 and then closed at $90.69 by scoring +7.57%.

As the revenue measures WFM generated revenue of 10.50 billion in the following twelve months income of $372.21 million. The Company showed a positive 3.55% in the net profit margin and in addition to in its operating margin which remained 5.63%. Company’s annual sales growth for the past five year was 12.51%.

The stock showed weekly upbeat performance of 7.86% which was maintained for the month at 9.32%. Likewise the positive performance for the quarter was recorded as 20.17% and for the year was 52.83% while the YTD performance remained at 30.81%.

The WFM past twelve months price to sales ratio was 1.58 and price to cash ratio remained 19.48. As far as the returns are concern, the WFM return on equity was recorded as 13.07% and increased 10.74% return on investment while its return on asset stayed at 8.61%.

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