Whole Foods Market Delivers Record Q2 Sales and EPS

EXHIBIT 99.1

Whole Foods Market Delivers Record Q2 Sales and EPS

Sales Increase 10% to Record $3.6 billion; EPS Increase 14% to Record $0.44;

Company Reaffirms Targets for Fiscal Year 2015 and Announces

New Uniquely-Branded Store Concept Geared Toward Millennials

AUSTIN, Texas, May 6, 2015 (GLOBE NEWSWIRE) -- Whole Foods Market, Inc. (Nasdaq:WFM) today reported results for the 12-week second quarter ended April 12, 2015. For the quarter, total sales increased 10% to a record $3.6 billion. Comparable store sales on a constant currency basis increased 3.6%, including an estimated 50 basis point positive impact from Easter shifting from the third quarter last year to the second quarter this year. Earnings before interest, taxes, depreciation and amortization were $355 million, or 9.7% of sales. Diluted earnings per share were $0.44, a 14% increase over the prior year. Results include a non-routine supplier credit of $7 million, or $0.01 in diluted earnings per share.

During the quarter, the Company produced $322 million in cash flow from operations and invested $206 million in capital expenditures, resulting in free cash flow of $116 million. In addition, the Company returned $47 million in quarterly dividends to shareholders and repurchased $47 million of common stock, or 0.9 million shares. The Company ended the quarter with total cash and cash equivalents, restricted cash, and investments of approximately $1.1 billion. Return on invested capital increased 68 basis points to 15%.

"Our results reflect another quarter of record sales and healthy returns on invested capital," said John Mackey, co-founder and co-chief executive officer of Whole Foods Market. "Our Whole Foods Market brand has helped lead the shift in consciousness toward fresh, healthy foods by offering the highest quality, broadest selection, and best customer service, and we believe we can triple the number of Whole Foods Market stores in the United States. At the same time, we also see an opportunity to leverage our long history of retail innovation and extend our reach in the marketplace."

"Today, we are excited to announce the launch of a new, uniquely-branded store concept unlike anything that currently exists in the marketplace," said Walter Robb, co-chief executive officer of Whole Foods Market. "Offering our industry-leading standards at value prices, this new format will feature a modern, streamlined design, innovative technology and a curated selection. It will deliver a convenient, transparent, and values-oriented experience geared toward millennial shoppers, while appealing to anyone looking for high-quality fresh food at great prices."

The Company is building a team to focus exclusively on this new concept and is currently negotiating leases. The plan is to begin opening stores next year, and given the more standardized design and product assortment, the Company expects a fairly rapid expansion from there. "We believe the growth potential for this new and complementary brand to be as great as it is for our highly successful Whole Foods Market brand," added Robb. "We look forward to sharing more details about this exciting new venture sometime before Labor Day."

The following table provides the Company's comparable store sales results for the second quarter and for the five-week period from March 30, 2015 through May 3, 2015, which includes Easter in both years. Results for the five-week period are adjusted to exclude the estimated impact of Team Member Appreciation Double Discount Day, which was held in the prior year only. Sales of a store are deemed comparable commencing in the 57th full week after the store was opened or acquired and are presented on a constant currency basis. Companies define comparable store sales differently; thus, growth rates across companies may not be comparable.

Constant Currency: Comparable Store

Sales Growth Change in

Transactions Change in

Basket Size Q2 ended April 12, 2015 3.6% 0.8% 2.8% Excluding Easter shift 3.1%* Five weeks ended May 3, 2015 2.8%

* 5.1% for the first three weeks and 2.4% for the last nine weeks

Excluding the non-routine supplier credit of $7 million, or 19 basis points, gross margin declined 12 basis points to 35.7%, primarily due to higher cost of goods sold as a percentage of sales.

SG&A improved 29 basis points to 28.2% of sales due to leverage in salaries and benefits.

Comparable stores sales growth by age class for the trailing four quarters, on a constant currency basis, is provided in the following table.

Trailing Average Age Four-Quarter Comps # of Stores % of Square Footage (s.f. weighted) > 11 years 2.3% 167 36% 17 5 to 11 years 3.0% 109 38% 8 < 5 years 9.5% 97 26% 3 All comparable stores 3.9% 373 100% 10

Year-to-Date Results

For the 28-week period ended April 12, 2015, total sales increased 10% to $8.3 billion. Comparable store sales increased 4.2%, including an estimated 20 basis point positive impact from Easter shifting from the third quarter last year to the second quarter this year. Average weekly sales per store were $730,000, translating to sales per gross square foot of approximately $1,000. Earnings before interest, taxes, depreciation and amortization were $751 million, or 9.0% of sales. Diluted earnings per share were $0.90, a 12% increase over the prior year.

Year to date, the Company has produced $709 million in cash flow from operations and invested $458 million in capital expenditures, of which $295 million related to new stores. This resulted in free cash flow of $251 million. In addition, the Company has paid $90 million in quarterly dividends to shareholders and repurchased $90 million of common stock. Subsequent to the end of the quarter, the Company repurchased $34 million of common stock, leaving $776 million in authority remaining.

Growth and Development

In the second quarter, the Company opened eleven new stores, including three relocations and three former Dominick's locations. In the third quarter, the Company has opened three new stores, including one former Dominick's location, and expects to open five additional stores, one of which is a former Dominick's location.

The Company recently signed nine new leases, including two relocations and one new market. These leases are located in Jacksonville Beach, FL; Atlanta, GA (two leases); Detroit, MI; Rochester, NY; Houston, TX; Park City, UT; and Washington, D.C. (two leases).

The Company currently has 417 stores totaling approximately 16 million square feet and expects to cross the 500-store mark in fiscal year 2017. Longer term, the Company sees demand for 1,200 Whole Foods Market stores in the United States. The following table provides additional information about the Company's new and acquired stores and development pipeline for stores scheduled to open through fiscal year 2021.

New Store Information

FY14 FY15 YTD Current Leases

Signed Number of stores (including relocations) 38 23 113 Relocations 1 5 14 Percentage in new markets 55% 9% 20% Average store size (gross square feet) 37,000 43,000 43,000 Total square footage 1,408,000 983,000 4,891,000 Average pre-opening expense per store (including rent) $1.9 mil Average pre-opening rent per store $0.7 mil

Fiscal Year 2015 Targets

The Company's targets for fiscal year 2015 are:

Sales growth over 9%

Comparable store sales growth in the low to middle single digits

Square footage growth of 9% to 10% based on 38 to 42 new stores, including five to six relocations

EBITDA margin of approximately 9%

ROIC greater than 14%

The Company expects to continue its value strategy and make additional investments in areas such as technology, marketing, and new and existing stores. The Company believes this is the right strategy to drive sales growth over the longer term. Reflecting its ongoing value efforts, the Company expects a greater decline in gross margin, excluding LIFO, in fiscal year 2015 than in fiscal year 2014. The Company expects to maintain expense discipline and improve its cost structure, with the biggest opportunities coming from internal distribution, coordinated purchasing and labor leverage. While quarterly results may fluctuate, the Company expects diluted earnings per share growth for the fiscal year to be in line with or slightly higher than sales growth.

The Company expects comparable store sales growth in the third quarter to be negatively impacted by approximately 100 basis points from the Easter shift and cycling over Team Member Appreciation Double Discount Day in the prior year. In addition, the Company reported significant LIFO charges in the prior year of $11 million in the third quarter and $5 million in the fourth quarter.

Seasonality

The Company notes that average weekly sales and gross margin are typically highest in the second and third fiscal quarters, and lowest in the fourth fiscal quarter due to seasonally slower sales during the summer months. Gross margin is also lower in the first fiscal quarter due to the product mix of holiday sales.

About Whole Foods Market

Founded in 1978 in Austin, Texas, Whole Foods Market is the leading retailer of natural and organic foods, the first national "Certified Organic" grocer, and uniquely positioned as America's Healthiest Grocery StoreTM. In fiscal year 2014, the Company had sales of approximately $14 billion and currently has 417 stores in the United States, Canada, and the United Kingdom. Whole Foods Market employs approximately 90,000 team members and has been ranked for 18 consecutive years as one of the "100 Best Companies to Work For" in America by Fortune magazine. For more information, please visit www.wholefoodsmarket.com/values-matter.

Disclaimer on Forward-looking Statements

Certain statements in this press release and from time to time in other filings with the Securities and Exchange Commission, news releases, reports, and other written and oral communications made by us and our representatives, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by words such as "anticipate," "believe," "estimate," "expect," "continue," "could," "can," "may," "will," "likely," "depend," "should," "would," "plan," "predict," "target," and similar expressions, and include references to assumptions and relate to our future prospects, developments and business strategies. Except for the historical information contained herein, the matters discussed in this analysis are forward-looking statements that involve risks and uncertainties that may cause our actual results to be materially different from such forward-looking statements and could materially adversely affect our business, financial condition, operating results and cash flows. These risks and uncertainties include general business conditions, changes in overall economic conditions that impact consumer spending, including fuel prices and housing market trends, the impact of competition and other factors which are often beyond the control of the Company, as well other risks listed in the Company's Annual Report on Form 10-K for the fiscal year ended September 28, 2014 and Quarterly Report on Form 10-Q for the fiscal quarter ended January 18, 2015, and risks and uncertainties not presently known to us or that we currently deem immaterial.

We wish to caution you that you should not place undue reliance on such forward-looking statements, which speak only as of the date on which they were made. We do not undertake any obligation to update forward-looking statements.

The Company will host a conference call today to discuss this earnings announcement at 4:00 p.m. CT. The dial-in number is (877) 876-9176, and the conference ID is "Whole Foods." A simultaneous audio webcast will be available at www.wholefoodsmarket.com/company-info/investor-relations.

Whole Foods Market, Inc. Consolidated Statements of Operations (unaudited) (In millions, except per share amounts) 12 weeks ended 28 weeks ended April 12, 2015 April 13, 2014 April 12, 2015 April 13, 2014 Sales $ 3,647 $ 3,322 $ 8,319 $ 7,561 Cost of goods sold and occupancy costs 2,337 2,131 5,382 4,885 Gross profit 1,310 1,191 2,937 2,676 Selling, general and administrative expenses 1,029 947 2,360 2,156 Operating income before pre-opening and store closure 281 244 577 520 Pre-opening expenses 20 11 41 27 Relocation, store closure and lease termination costs 6 2 10 7 Operating income 255 231 526 486 Investment and other income, net of interest expense 4 2 8 6 Income before income taxes 259 233 534 492 Provision for income taxes 101 91 208 192 Net income $ 158 $ 142 $ 326 $ 300 Basic earnings per share $ 0.44 $ 0.38 $ 0.90 $ 0.81 Weighted average shares outstanding 360.2 371.5 360.0 372.0 Diluted earnings per share $ 0.44 $ 0.38 $ 0.90 $ 0.80 Weighted average shares outstanding, diluted basis 363.7 374.5 362.9 375.3 Dividends declared per common share $ 0.13 $ 0.12 $ 0.26 $ 0.24 A reconciliation of the numerators and denominators of the basic and diluted earnings per share calculations follows: 12 weeks ended 28 weeks ended April 12, 2015 April 13, 2014 April 12, 2015 April 13, 2014 Net income (numerator for basic and diluted earnings per share) $ 158 $ 142 $ 326 $ 300 Weighted average common shares outstanding (denominator for basic earnings per share) 360.2 371.5 360.0 372.0 Incremental common shares attributable to dilutive effect of share-based awards 3.5 3.0 2.9 3.3 Weighted average common shares outstanding and potential additional common shares outstanding (denominator for diluted earnings per share) 363.7 374.5 362.9 375.3 Basic earnings per share $ 0.44 $ 0.38 $ 0.90 $ 0.81 Diluted earnings per share $ 0.44 $ 0.38 $ 0.90 $ 0.80

Whole Foods Market, Inc. Consolidated Statements of Comprehensive Income (unaudited) (In millions) 12 weeks ended 28 weeks ended April 12, 2015 April 13, 2014 April 12, 2015 April 13, 2014 Net income $ 158 $ 142 $ 326 $ 300 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments (7) 2 (18) (3) Other comprehensive income (loss), net of tax (7) 2 (18) (3) Comprehensive income $ 151 $ 144 $ 308 $ 297

Whole Foods Market, Inc. Consolidated Balance Sheets (unaudited) (In millions) Assets April 12, 2015 September 28, 2014 Current assets: Cash and cash equivalents $ 323 $ 190 Short-term investments - available-for-sale securities 453 553 Restricted cash 127 109 Accounts receivable 214 198 Merchandise inventories 476 441 Prepaid expenses and other current assets 87 97 Deferred income taxes 172 168 Total current assets 1,852 1,756 Property and equipment, net of accumulated depreciation and amortization 3,063 2,923 Long-term investments - available-for-sale securities 174 120 Goodwill 710 708 Intangible assets, net of accumulated amortization 79 81 Deferred income taxes 144 132 Other assets 30 24 Total assets $ 6,052 $ 5,744 Liabilities and Shareholders' Equity Current liabilities: Current installments of capital lease obligations $ 3 $ 2 Accounts payable 296 276 Accrued payroll, bonus and other benefits due team members 386 379 Dividends payable 47 43 Other current liabilities 591 557 Total current liabilities 1,323 1,257 Long-term capital lease obligations, less current installments 60 60 Deferred lease liabilities 568 548 Other long-term liabilities 69 66 Total liabilities 2,020 1,931 Commitments and contingencies Shareholders' equity: Common stock, no par value, 600.0 shares authorized; 377.1 and 377.1 shares issued; and 360.3 and 360.4 shares outstanding at 2015 and 2014, respectively 2,886 2,863 Common stock in treasury, at cost, 16.8 and 16.7 shares at 2015 and 2014, respectively (728) (711) Accumulated other comprehensive loss (25) (7) Retained earnings 1,899 1,668 Total shareholders' equity 4,032 3,813 Total liabilities and shareholders' equity $ 6,052 $ 5,744

Whole Foods Market, Inc. Consolidated Statements of Cash Flows (unaudited) (In millions) 28 weeks ended April 12, 2015 April 13, 2014 Cash flows from operating activities Net income $ 326 $ 300 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 225 198 Share-based payment expense 37 36 LIFO expense 3 -- Deferred income tax benefit (17) (18) Excess tax benefit related to exercise of team member stock options (9) (7) Accretion of premium/discount on marketable securities 10 16 Deferred lease liabilities 18 17 Other 3 7 Net change in current assets and liabilities: Accounts receivable (16) (20) Merchandise inventories (39) (29) Prepaid expenses and other current assets 9 6 Accounts payable 21 24 Accrued payroll, bonus and other benefits due team members 8 10 Other current liabilities 127 78 Net change in other long-term liabilities 3 1 Net cash provided by operating activities 709 619 Cash flows from investing activities Development costs of new locations (295) (207) Other property and equipment expenditures (163) (155) Purchases of available-for-sale securities (273) (514) Sales and maturities of available-for-sale securities 306 473 Purchases of intangible assets (1) (18) Decrease (increase) in restricted cash (19) 2 Other investing activities (7) (12) Net cash used in investing activities (452) (431) Cash flows from financing activities Purchase of treasury stock (90) (117) Common stock dividends paid (90) (82) Issuance of common stock 49 24 Excess tax benefit related to exercise of team member stock options 9 7 Other financing activities (1) -- Net cash used in financing activities (123) (168) Effect of exchange rate changes on cash and cash equivalents (1) (5) Net change in cash and cash equivalents 133 15 Cash and cash equivalents at beginning of period 190 290 Cash and cash equivalents at end of period $ 323 $ 305 Supplemental disclosure of cash flow information: Federal and state income taxes paid $ 176 $ 206

Whole Foods Market, Inc. Non-GAAP Financial Measures (unaudited) (In millions) In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, the Company provides information regarding Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA"), Adjusted EBITDA and Free Cash Flow in the press release as additional information about its operating results. These measures are not in accordance with, or an alternative to, GAAP. The Company's management believes that these presentations provide useful information to management, analysts and investors regarding certain additional financial and business trends relating to its results of operations and financial condition. In addition, management uses these measures for reviewing the financial results of the Company as well as a component of incentive compensation. The Company defines Adjusted EBITDA as EBITDA plus non-cash share-based payment expense and deferred rent. The following is a tabular reconciliation of the non-GAAP financial measure Adjusted EBITDA to GAAP net income, which the Company believes to be the most directly comparable GAAP financial measure.

12 weeks ended 28 weeks ended EBITDA and Adjusted EBITDA April 12, 2015 April 13, 2014 April 12, 2015 April 13, 2014 Net income $ 158 $ 142 $ 326 $ 300 Provision for income taxes 101 91 208 192 Investment and other income, net of interest expense (4) (2) (8) (6) Operating income 255 231 526 486 Depreciation and amortization 100 87 225 198 EBITDA 355 318 751 684 Share-based payment expense 18 18 37 36 Deferred rent 6 7 19 17 Adjusted EBITDA $ 379 $ 343 $ 807 $ 737 The Company defines Free Cash Flow as net cash provided by operating activities less capital expenditures. The following is a tabular reconciliation of the Free Cash Flow non-GAAP financial measure. 12 weeks ended 28 weeks ended Free Cash Flow April 12, 2015 April 13, 2014 April 12, 2015 April 13, 2014 Net cash provided by operating activities $ 322 $ 282 $ 709 $ 619 Development costs of new locations (143) (85) (295) (207) Other property and equipment expenditures (63) (58) (163) (155) Free Cash Flow $ 116 $ 139 $ 251 $ 257

Whole Foods Market, Inc. Non-GAAP Financial Measures (unaudited) (In millions) In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, the Company provides information regarding Return on Invested Capital ("ROIC") as additional information about its operating results. This measure is not in accordance with, or an alternative to, GAAP. The Company's management believes this presentation provides useful information to management, analysts and investors regarding certain additional financial and business trends relating to its results of operations and financial condition. In addition, management uses this measure for reviewing the financial results of the Company as well as a component of incentive compensation. The Company defines ROIC as adjusted earnings divided by average invested capital. Adjustments to earnings are defined in the following tabular reconciliation. Invested capital reflects a trailing four-quarter average.

52 weeks ended ROIC April 12, 2015 April 13, 2014 Net income $ 604 $ 563 Interest expense, net of tax -- -- Adjusted earnings 604 563 Total rent expense, net of tax1 256 230 Estimated depreciation on capitalized operating leases, net of tax2 (171) (153) Adjusted earnings, including the effect of capitalized operating leases $ 689 $ 640 Average working capital, excluding current portion of long-term debt $ 587 $ 893 Average property and equipment, net 2,899 2,436 Average other assets 1,105 1,108 Average other liabilities (605) (543) Average invested capital 3,986 3,894 Average estimated asset base of capitalized operating leases3 3,344 2,992 Average invested capital, including the effect of capitalized operating leases $ 7,330 $ 6,886 ROIC 15.1% 14.5% ROIC, including the effect of capitalized operating leases 9.4% 9.3% 1 Total rent includes minimum base rent of all tendered leases 2 Estimated depreciation equals two-thirds of total rent expense 3 Estimated asset base equals eight times total rent expense

CONTACT: Cindy McCann VP of Investor Relations 512.542.0204 Media Contact: Robin Kelly Robin.Kelly@wholefoods.com 617.417.3895