Whole Foods In-Line With 3Q Consensus

Whole Foods Market, Inc. WFMI saw a 3Q EPS of $0.38 was in-line with consensus estimates, according to Deutsche Bank. Sales outlook is positive while margin expansion remains modest. Deutsche has raised FY10 guidance to a range of $1.37-1.39 from $1.33-1.37, and has also provided a preliminary FY11 EPS range of $1.59-1.64 (+17% y/y). Deutsche Bank maintains it's "hold" rating and price target of $41. Whole Foods Market, Inc. closed yesterday at $39.49.