Whole Foods Markets (WFM)

[DewDiligence]

Revised FY2017 non-GAAP* guidance:

• Sales growth of 1.5% or greater
• Comps of approximately -2.5% or better
• Ending square footage growth of approximately 5% net of closures, reflecting approximately 30 new stores, including up to six relocations and three 365 stores
• Diluted EPS of $1.33 or greater
• EBITDA margin of approximately 8%
• Capital expenditures of approximately 4% of sales
• ROIC of approximately 11%

*Excluding $0.12 non-cash charges (half in FY1Q17, half in FY2Q17) for store closures and $0.03 cash charge for Walter Robb’s separation agreement.