Whole Foods Market Inc., operator of 316 natural and organic grocery stores including one in Santa Clarita, posted net fourth-quarter income of $75.5 million (42 cents per share), a year-over-year increase of 31 percent from 57.5 million (33 cents).
Revenues increased 12 percent to $2.35 billion, missing the company’s expectation of $2.36 billion. Same-store sales increased 8.7 percent year-over-year and 17.4 percent over two years.
The company made the announcement after the close of trading Wednesday. Shares fell 4.3 percent after hours and continued to fall Thursday because of the revenue shortfall and because its anticipated earnings for fiscal 2012 (starting now) – $2.21 to $2.26 per share – were at the low end of analysts’ expectations.