Managerial Accounting Project

Whole Foods Market, Inc.
Consolidated Income Statement
Fiscal years ended September 29, 2013 and September 30, 2012
(In millions, except per share amounts)Increase (Decrease) during 2013
20132012AmountPercent
Sales$12,91711,699$1,21810.4%
Cost of goods sold8,2887,542$7469.9%
Gross Profit4,6294,156$47311.4%
Direct Store Expenses3,2852,983$30210.1%
General and Administrative Expenses397372$256.7%
Pre-opening Expenses5247$510.6%
Relocation, Store closure and lease termination costs1210$220.0%
Operating Income883744$13918.7%
Interest Expense00$00.0%
Investment and other income118$337.5%
Income before Income taxes894752$14218.9%
Provision for income taxes343286$5719.9%
Net Income551466$8518.2%
Basic Earnings per Share1.481.28$015.6%
Weighted average shares outstanding371.2364.8$61.8%