Whole Foods Does Little To Satisfy Investor Appetites

Whole Foods Market, Inc. WFM shares fell more than 7 percent in the after-hours session following the company's Q3 earnings.

Here are some of the relevant metrics, as reported by Benzinga Pro:

• Whole Foods Market Reports Q3 EPS $0.37, Inline, Sales $3.7B vs $3.73B Est.
• Whole Foods Reports Q3 Comps Down 2.6%; for Q4 Thru Jul. 24 Down 2.4%
• Whole Foods Sees Q4 Sales Growth Of 2% and EPS $0.23-$0.24 vs $0.25 Est
• Whole Foods Sees Potential For 1200 Stores In The U.S.

Goldman Sachs recently downgraded Whole Foods to Sell with $31 price target. Goldman focused on peers Kroger KR and Sprouts Farmers Market SFM as potentially eating up Whole Foods' market share in the organic food space

Whole Foods traded recently at $31.90, down about 5 percent after hours.