High-end grocery stores on watch


A cut in guidance from The Fresh Market (TFM) could create a ripple of worry in the sector with the slowdown of the company's store traffic trends standing out.

Execs with The Fresh Market noted during the firm's conference call that sales decelerated by 200 bps in the final month of the quarter - partially due to "competitive" activity. (transcript)

On watch: Whole Foods Market (WFM) -0.9% premarket, Fairway Group (FWM) -0.8%, Sprouts Farmers Market (SFM).

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Comments (5)
  • munsterisque
    , contributor
    Comments (24) | Send Message
     
    You could potentially see the shorts use this opportunity to sell-down the entire sector. I foresee a slaughter in Organic Groceries today and possibly Monday.
    22 Nov 2013, 09:04 AM Reply Like
  • munsterisque
    , contributor
    Comments (24) | Send Message
     
    You could potentially see the shorts use this opportunity to sell-down the entire sector. I foresee a slaughter in Organic Groceries today and possibly Monday.
    22 Nov 2013, 09:05 AM Reply Like
  • CassandraSees
    , contributor
    Comments (588) | Send Message
     
    People want good quality food - - To destroy a company just because of one quarter is an insane move for a long term investor - - If you believe in this sector/company let the shorts do their worst and then swoop in to get a bargain basement price for future gains
    22 Nov 2013, 11:07 AM Reply Like
  • fredj
    , contributor
    Comments (155) | Send Message
     
    organic grocers will only get larger. wfm is the biggest and will stay that way.
    22 Nov 2013, 11:10 AM Reply Like
  • rallyman
    , contributor
    Comments (4) | Send Message
     
    If wishes were horses I would have waited until after the ER to buy but still believe that in 2years there will be at least a 25% -30% gain from the current mark
    24 Nov 2013, 05:20 AM Reply Like
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