Whole Foods sales jump again

Organic grocer Whole Foods saw first-quarter net income jump almost 79 per cent, beating market expectations, and raised its full-year earnings forecast for 2011 yesterday. The Texas-based company made $3bn (£1.87bn) revenue, above forecasts for $2.95bn. It generated $88.7m earnings or 51 cents per share in the quarter, up from $49.7m or 32 cents per share in the same period last year. It said it expected strong sales to continue and raised its full-year guidance from $1.76-1.80 per share, up from $1.66-1.71. Shares in Whole Foods rose to $58.11 in after-hours trading from their Nasdaq close of $53.60 as analysts praised the strong performance.

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