Whole Foods (WFM) Traffic Deceleration Continues Despite Price Investments; PT Drops to $29 - Piper Jaffray

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Go back to Whole Foods (WFM) Traffic Deceleration Continues Despite Price Investments; PT Drops to $29 - Piper Jaffray

Jefferies Remains Sidelined on Whole Foods Market (WFM) Following 2Q EPS Beat

May 5, 2016 8:37 AM EDT

Jefferies maintained a Hold rating and $31.00 price target on Whole Foods Market (NASDAQ: WFM) following the company's 2Q earnings report. WFM reported an EPS of $0.44, beating the Street's estimates of $0.41. SG&A came in better-thanexpected and helped offset weak comps and gross margins,... More

Whole Foods protects profits in second quarter as it cuts prices

May 4, 2016 6:25 PM EDT

By Lisa Baertlein

(Reuters) - Whole Foods Market Inc (NASDAQ: WFM) on Wednesday reported better-than-expected quarterly earnings as it controlled costs while lowering prices in the face of stiff competition from a bevy of retail rivals.

The biggest challenge for the nation's largest natural and organic grocery chain has been to protect profits while it works to shake its "Whole Paycheck" reputation for lofty prices and stay a step ahead of Wal-Mart Stores Inc (NYSE: WMT), Kroger Co (NYSE: KR) and other mainstream... More

Whole Foods Market (WFM) Tops Q2 EPS by 3c, Updates Guidance

May 4, 2016 4:10 PM EDT

Whole Foods Market (NASDAQ: WFM) reported Q2 EPS of $0.44, $0.03 better than the analyst estimate of $0.41. Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $3.74 billion.

Comps declined 3%.

Updated Outlook for Fiscal Year 2016

Sales growth of up to 3%, reflecting comps of up to -2%Square footage growth of 7% or greaterEBITDA margin of approximately 8.5%Capital expenditures of 5% of salesROIC greater than 13.5%

The Company now expects to be at... More