Steady Growth, Customer Loyalty Will Drive Whole Foods (WFM) Higher - Cramer
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Whole Foods Market, Inc. (Nasdaq: WFM) is hanging in positive territory Wednesday following a discussion between co-CEO Walt Robb and stock sage Jim Cramer Tuesday night.
Gross margins are "steadily increasing" for Whole Foods, Robb noted. He feels like a goal of 1,000 location might also prove conservative for the company given recent activity. Whole Foods has a three-year pipeline of stores in the works and he is excited about the prospects moving forward.
Three key elements for Whole Foods have been diversity of its product range, increased promotions, and competitive pricing, Robb said. He feels that customers appreciate the high standards of Whole Foods given its solid 30-year history.
Cramer continues recommending Whole Foods.
Whole Foods reported Q2 EPS of 76 cents on revs of $3.03 billion with comps increasing 6.9 percent. Numbers compared to consensus views calling for EPS of 73 cents and revs of $3.03 billion. Shares are up over 13 percent since the May 7th report.
Gross margins are "steadily increasing" for Whole Foods, Robb noted. He feels like a goal of 1,000 location might also prove conservative for the company given recent activity. Whole Foods has a three-year pipeline of stores in the works and he is excited about the prospects moving forward.
Three key elements for Whole Foods have been diversity of its product range, increased promotions, and competitive pricing, Robb said. He feels that customers appreciate the high standards of Whole Foods given its solid 30-year history.
Cramer continues recommending Whole Foods.
Whole Foods reported Q2 EPS of 76 cents on revs of $3.03 billion with comps increasing 6.9 percent. Numbers compared to consensus views calling for EPS of 73 cents and revs of $3.03 billion. Shares are up over 13 percent since the May 7th report.
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