Jefferies Remains Sidelined on Whole Foods Market (WFM) Following 2Q EPS Beat
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May 5, 2016 7:27 AM EDT
Piper Jaffray analyst, Sean Naughton, noted that deteriorating same store sales at Whole Foods Market (NASDAQ: WFM) were expected but the effectiveness of these investments is in question given the continued deceleration in traffic trends. Whole Foods Q2 comps were below expectations, coming in at (3.0%) versus... More
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
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
May 4, 2016 7:36 AM EDT
By Caroline Valetkevitch
NEW YORK (Reuters) - U.S. stocks declined for a second day on Wednesday, weighed down by tepid data on private sector U.S. jobs and a retreat in biotech shares.
Weaker-than-expected results from Priceline (NASDAQ: PCLN) added to the bearish tone.
The Nasdaq Biotech Index dropped 2.9 percent, its seventh session of losses out of the last eight.
The ADP private sector employment report showed hiring in April fell to its lowest in three years. The report acts as a precursor to the more comprehensive government nonfarm... More
May 3, 2016 2:28 PM EDT
The Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
7:00am EDT
MBA Mortgage Index - no Street consensus
8:15am EDT
ADP Employment Change - Street sees 196k
8:30am EDT
Productivity: Prelim. - Street sees (1.4%)Unit Labor Costs: Prelim. - Street sees 2.6%Trade Balance - Street sees ($41.4B)
Earnings:
Aircastle Limited (NYSE: AYR) - consensus EPS $0.46
Ares Capital (Nasdaq: ARCC) -... More
