Current Valuation Puts a Floor Under Whole Foods Market (WFM) - RBC

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Whole Foods Market (WFM) Guides Square Footage Growth Down to 7%; Piper Jaffray Remains Neutral

November 5, 2015 8:59 AM EST

Piper Jaffray maintained a Neutral rating on Whole Foods Market (NASDAQ: WFM), and cut the price target to $30.00 (from $34.00), following the company's 4Q earnings report. Comparable sales continue to decelerate at Whole Foods as the retailer struggles to drive traffic to its stores. Q4 comps of (0.2%) compare to +0.7% consensus; traffic growth was (0.8%) while average basket grew... More

Whole Foods Market (WFM) PT Cut to $29 at Jefferies

November 5, 2015 6:56 AM EST

Jefferies analyst Mark Wiltamuth reiterated a Hold rating and cut its price target on Whole Foods Market (NASDAQ: WFM) to $29.00 (from $33.00) following weak Q4 results as competition intensifies.

Wiltamuth commented, "WFM reported a 4Q shortfall on -0.2% comps and a sharp... More

Whole Foods Market (WFM) Posts Q4 GAAP EPS of 16c; Approves New $1B Buyback Plan

November 4, 2015 4:08 PM EST

(Updated - November 4, 2015 4:08 PM EST)

Whole Foods Market (NASDAQ: WFM) reported Q4 EPS of $0.16, which may not compare with the analyst estimate of $0.35. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.47 billion.

Results included a non-cash asset impairment charge of $46 million, or $0.08 per diluted share, and a restructuring charge of $34 million, or $0.06 per diluted share

Comparable store sales on a constant currency basis decreased 0.2%, versus the consensus of up 0.7%.

The company also announced a new capital allocation strategy that reflects confidence in the Company's future... More