Established 1999
     
8,000 companies from USA and India.  
   
Search over 25,500 news articles and 8,000 companies earnings    
 
Market Update : 
Whole Foods Market Q1 Earnings Call Transcript
Author: 123jump.com Staff
123jump.com
Last Update: 10:59 AM ET February 22 2010


(Continued)

Email article | Print article

 
Charles Grom - J.P. Morgan

Okay. Anything regionally you can share?

Walter Robb

It is like the script said. It was end to end. It was strong across the board. It is really very heartening for all of us.

Charles Grom - J.P. Morgan

Okay. And, then one more for me, regarding our gross profit outlook, you spoke to quote unquote taking advantages of buying opportunities, wondering if you can shed some examples for us and what would preclude you from getting those opportunities over the next couple of quarters?

A.C. Gallo

Well, one of the big things we saw this past year was there was a kind of a flood in the market of organic fruit as some different stores pulled back on it and a lot of supply was coming on to the market. We have had a lot of buying opportunities like organic apples in the past year and another thing that we had was there’s also was a large supply of natural meats on the market. So we have been able to purchase a lot of, especially meat and produce and very good prices and be able to pass those along to our customers.

We don’t know, I mean, some of that will still come along. Our projections going forward is that some of that over supply will start to dry up and that we won’t have as many opportunities for some of that same pricing. So, that is why we think that it might not, it might not be some of the same opportunities there.

Charles Grom - J.P. Morgan

Okay. Great. Thanks very much.

Operator

We will take our next question from Scott Mushkin with Jefferies. Please go ahead.

Scott Mushkin - Jefferies & Co.

Hi. Thank you. Hopefully, you guys can hear me. I am on a cell. So just a clarification, that $0.04 adjustment since I haven’t seen the whole release, is that -- would that have been a positive earnings or negative to earnings if we adjust? And I have another question.

Glenda J. Chamberlain

Are you talking about the store closure reserve adjustments, that would have been a negative to earnings.

Scott Mushkin - Jefferies & Co.

So you would subtract out just -- Glenda, earnings would be $0.04 or less with that or $0.04 higher with that adjustment?

John P. Mackey




  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16

 


 
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries

Other Sites:
© 1999-2012 123jump.com. All rights reserved