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BRIEF-Whole Foods Market reports Q2 sales $3.7 billion
May 10, 2017 / 8:16 PM / 4 months ago

BRIEF-Whole Foods Market reports Q2 sales $3.7 billion

May 10 (Reuters) - Whole Foods Market Inc

* Whole Foods Market provides shareholder update on accelerated path to delivering shareholder value and announces second quarter 2017 results

* Q2 sales $3.7 billion versus I/B/E/S view $3.73 billion

* Q2 adjusted earnings per share $0.37

* Q2 GAAP earnings per share $0.31

* Q2 earnings per share view $0.37 -- Thomson Reuters I/B/E/S

* Whole Foods Market Inc-Sees additional $300 million in cost savings realized by FYE 2020

* Whole Foods Market Inc- 2017 outlook excludes $76 million, or $0.14 per diluted share, in charges incurred in first and second quarters

* Whole Foods Market Inc- Targeting: sales growth of 1.0% or greater for 2017

* Whole Foods Market Inc-Sees comps of approximately -2.5% or better for 2017

* Whole Foods Market Inc-Sees diluted EPS of $1.30 or greater for 2017

* Whole Foods Market Inc- Expects to return to positive comparable store sales and earnings growth by end of fiscal year 2018

* Whole Foods Market Inc- Targets for fiscal year 2020 total sales of over $18 billion; comps greater than 2.0%

* Whole Foods Market Inc- Targets for fiscal year 2020 cash flow from operations of over $1.2 billion Source text for Eikon: Further company coverage:

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