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Whole Foods Does Little To Satisfy Investor Appetites

Whole Foods Does Little To Satisfy Investor Appetites
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Whole Foods Market, Inc. (NASDAQ: 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 (NYSE: KR) and Sprouts Farmers Market (NASDAQ: 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.

Posted-In: Earnings News Guidance After-Hours Center Movers Best of Benzinga


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