Whole Foods 2013 Annual Report Download - page 29

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Item 6. Selected Financial Data.
Whole Foods Market, Inc.
Summary Financial Information
(In millions, except per share amounts and operating data)
The following selected financial data are derived from the Company’s consolidated financial statements and should be read in
conjunction with “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Item 8.
Financial Statements and Supplementary Data.”
Sept. 29,
2013
Sept. 30,
2012
Sept. 25,
2011
Sept. 26,
2010
Sept. 27,
2009
Consolidated Statements of Operations Data (1)
Sales $ 12,917 $ 11,699 $ 10,108 $ 9,006 $ 8,032
Cost of goods sold and occupancy costs 8,288 7,543 6,571 5,870 5,277
Gross profit 4,629 4,156 3,537 3,136 2,755
Direct store expenses 3,285 2,983 2,629 2,377 2,147
General and administrative expenses 397 372 311 272 244
Pre-opening expenses 52 47 41 38 49
Relocation, store closure and lease termination costs 12 10 8 11 31
Operating income 883 744 548 438 284
Interest expense — — (4) (33) (37)
Investment and other income 11 8 8 7 4
Income before income taxes 894 752 552 412 251
Provision for income taxes 343 286 209 166 104
Net income 551 466 343 246 147
Preferred stock dividends — — — 6 28
Income available to common shareholders $ 551 $ 466 $ 343 $ 240 $ 119
Basic earnings per share $ 1.48 $ 1.28 $ 0.98 $ 0.72 $ 0.42
Weighted average shares outstanding 371.2 364.8 350.5 332.5 280.8
Diluted earnings per share $ 1.47 $ 1.26 $ 0.97 $ 0.72 $ 0.42
Weighted average shares outstanding, diluted basis 374.5 368.9 354.6 343.4 280.8
Dividends declared per common share $ 1.40 $ 0.28 $ 0.20 $ — $ —
Consolidated Balance Sheets Data
Net working capital $ 892 $ 1,126 $ 574 $ 414 $ 371
Total assets 5,538 5,294 4,292 3,987 3,783
Long-term debt (including current maturities) 27 24 18 509 739
Shareholders’ equity 3,878 3,802 2,991 2,373 1,628
Operating Data
Number of stores at end of fiscal year 362 335 311 299 284
Average store size (gross square footage) 38,000 38,000 38,000 38,000 37,000
Average weekly sales per store $ 711,000 $ 682,000 $ 636,000 $ 588,000 $ 549,000
Comparable store sales increase (2) 6.9% 8.7% 8.5% 7.1% -3.1%
Identical store sales increase (2) 6.6% 8.4% 8.4% 6.5% -4.3%
(1) Fiscal years 2013, 2011, 2010, and 2009 were 52-week years and fiscal year 2012 was a 53-week year.
(2) Sales of a store are deemed to be comparable commencing in the fifty-third full week after the store was opened. Stores
acquired in purchase acquisitions enter the comparable store base effective the fifty-third full week following the date of
merger. Identical store sales exclude sales from relocated and remodeled stores with square footage changes greater than
20% from the comparable calculation to reduce the impact of square footage changes on the comparison. Stores closed for
eight or more days are excluded from the comparable and identical store base from the first fiscal week of closure until re-
opened for a full fiscal week. Comparable and identical sales growth is calculated on a same-calendar-week to same-calendar-
week basis.