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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Whole Foods Earnings Stay Flat 0 comments
    May 7, 2014 7:42 AM | about stocks: WFM

    Originally published at

    Whole Foods Market, Inc. (NASDAQ:WFM) announced its second quarter financial results for the 2014 fiscal year, posting earnings that remained flat from a year ago. The specialty supermarket posted flat earnings from a year ago of $142M with a 9.7% increase in revenue to $3.32B. Both the company's earnings of $0.38 per share and $3.32B revenue fell short of analyst expectations of $0.41 per share and $3.34B. Founder and co-CEO John Mackey commented that the company is facing fierce competition in a market that was previously essentially theirs. The company intends to drop prices while reducing its costs in an effort to be more competitive and separate itself from its price-heavy reputation. Whole Foods lowered its same-store sales growth forecast from between 5.5% and 6.2% to now between 5% and 5.5%. The company similarly lowered its earnings forecast from between $1.58 and $1.65 per share to between $1.52 and $1.56 per share.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: WFM
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