Seeking Alpha

Sales forecasts for Whole Foods lowered

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.

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Comments (3)
  • Mark Krieger
    , contributor
    Comments (4943) | Send Message
    Could this be the end of the growth story?
    6 Nov 2013, 06:13 PM Reply Like
  • ReligiousWacko
    , contributor
    Comments (1617) | Send Message
    where's Gary ? I'm sure he sold at top...
    6 Nov 2013, 07:07 PM Reply Like
  • C.N
    , contributor
    Comments (241) | Send Message
    growth is still good and it is a great stock, but slightly overpriced now. If Mr. Market decides to have a good correction, before it goes higher, buy ctsh, wfm, camp, sbux, cmi, v, mc, gs, goog, jks, csiq , pkg,and rig.
    6 Nov 2013, 08:45 PM Reply Like
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