Whole Foods Market Reports First Quarter Results
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Piper Jaffray Raises Price target as Whole Foods Market (WFM) Benefits From a Better than Expected Tax Rate
February 11, 2016 8:18 AM ESTPiper Jaffray reiterated a Neutral rating on Whole Foods Market (NASDAQ: WFM), and raised the price target to $32.00 (from $30.00), following the company's 4Q earnings report. Whole Foods reported earnings ahead of expectations driven largely by a better than expected tax rate, share repurchases and solid expense... More
BMO Capital Reiterates Underperform on Whole Foods Market (WFM); Sees Risk to Valuation in Multi-year Transition
February 11, 2016 7:51 AM ESTBMO Capital reiterated an Underperform rating and $23.00 price target on Whole Foods Market (NASDAQ: WFM) following the company's 1Q earnings report. WFM reported F1Q16 EPS of $0.46, above the consensus estimate of $0.40. BMO expects WFM to remain an innovation leader in food retail,... More
Whole Foods Market (WFM) Sentiment Likely to Improve Going Forward - RBC
February 11, 2016 7:17 AM ESTRBC Analyst William Kirk, thinks Whole Foods Market (NASDAQ: WFM) showed just enough progress in its 1Q report to start a sentiment swing. He believes that comps sequentially improve and SG&A savings begins to fund major price investments. Consensus is modeling a continued two-year comp deceleration until 2Q'17 even though he saw an acceleration over the last 11wks of 1Q16.... More
Whole Foods Market (WFM) Tops Q1 EPS by 6c, Offers Guidance
February 10, 2016 4:12 PM ESTWhole Foods Market (NASDAQ: WFM) reported Q1 EPS of $0.46, $0.06 better than the analyst estimate of $0.40. Revenue for the quarter came in at $4.83 billion versus the consensus estimate of $4.81 billion.
Comparable store sales on a constant currency basis decreased 1.8%.
GUIDANCE:
Whole Foods Market sees Q2 2016 EPS of $1.53, versus the consensus of $1.53.
The Company remains focused on the metrics it believes are key to the long-term health of its business and is targeting:
Sales growth of 3% to 5%Approximately 30 new... More