Whole Foods Market to open more inner-city stores


Whole Foods Market (WFM -1.3%) co-CEO Walter Robb indicates the company will try setting up shop in more urban areas after seeing initial success in Detroit.

The grocery store chain has plans in to open up outlets inside the city limits of Chicago and Newark.

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Comments (7)
  • Blazen
    , contributor
    Comments (63) | Send Message
     
    What a joke. At 45x trailing earnings and $55 million per store, the current share price more than factors in all new store growth for the next 5 to 8 years. You're paying today for stores not even conceived of yet. Future returns from current levels are likely to be very disappointing despite increasing sales and profits.
    11 Nov 2013, 12:37 PM Reply Like
  • Gary J
    , contributor
    Comments (10326) | Send Message
     
    They announced the 1000 store plan several years ago and the stock has gone up steadily since then. So if the past is any indication, and I think it is, there goes your theory.
    11 Nov 2013, 01:46 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (11050) | Send Message
     
    A low margin grocery chain planning further expansion as the economy begins to slow down plus that chain is trading at very rich valuations already (which is anticipatory of steady growth in earnings many quarters out)?

     

    What could possibly go wrong?
    11 Nov 2013, 02:38 PM Reply Like
  • Gary J
    , contributor
    Comments (10326) | Send Message
     
    Been hearing that for 5 years now. Price 5 years ago? $5
    11 Nov 2013, 02:45 PM Reply Like
  • fredj
    , contributor
    Comments (155) | Send Message
     
    What could go wrong? I could have NOT owned it for the last 5 years and I'd be POOR just like you doomers are.
    11 Nov 2013, 05:22 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (11050) | Send Message
     
    Past performance is not indicative of future results.

     

    (see investors in JDS Uniphase who would have wrote the above comments from "Gary J" and "fred j" on SA had it been around in Dec. 1999.)
    12 Nov 2013, 10:02 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (11050) | Send Message
     
    Past performance is not indicative of future results.

     

    (see investors in JDS Uniphase who would have wrote the above comments from "Gary J" and "fred j" on SA had it been around in Jan. 2000.)
    12 Nov 2013, 10:03 PM Reply Like
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