- Shares of Whole Foods (WFM) fall lower in after-hours trading after the company's guidance goes in the wrong direction.
- The grocery store operator saw comparable store sales increase 5.9% during FQ4 to miss the estimates of some analysts by a full percentage point and fall below the recent trend (last 4 quarters: 7.2%, 6.9%, 7.1%, 5.9%)
- Gross profit rate increased 37 bps to 35.6% as both the costs of goods and direct store expenses didn't rise as fast as sales.
- The company sees FY14 EPS of $1.65-$1.69 vs. $1.69-$1.72 prior and $1.73 consensus.
- WFM -8.7% AH.
Sales forecasts for Whole Foods lowered
Nov 6 2013, 16:21 ET