Thu, Nov. 5, 9:10 AM| Thu, Nov. 5, 9:10 AM | 32 Comments
Wed, Nov. 4, 5:39 PM
Wed, Nov. 4, 4:19 PM
- Whole Foods Market (NASDAQ:WFM) reports comparable-store sales fell 0.2% on a constant currency basis in FQ4.
- Average basket size increased 0.6% during the quarter to help offset a 0.8% decline in transactions.
- Gross margin declined 96 bps to 34.5% on a higher costs of goods expense. SG&A expense rate +68 bps to 29.1%. EBITDA margin (ex-charges) came in at 8.0%.
- Guidance: Whole Foods sees sales growth of 3% to 5% in FY16 off an improving comp trend from a low of -2% in FQ1. 30 new stores, including three 365 outlets, will contribute during the course of the fiscal year.
- The company also announced a new $1B buyback program to bring its total repurchase firepower to $1.3B. A new credit facility (for buybacks?) and dividend hike were also disclosed.
- Previously: Whole Foods Market misses by $0.05, misses on revenue (Nov. 4)
- WFM -7.73% after hours to $28.49.
Mon, Oct. 26, 9:59 AM
- Whole Foods Market (WFM -4.8%), The Fresh Market (TFM -3.4%), and Sprouts Farmers Market (SFM -7.9%) are all sharply lower in early trading.
- Channel checks from OTR Global reportedly came in weaker than anticipated this morning.
- Aggressive pricing actions in the sector have been a concern heading into Q4.
Fri, Aug. 28, 7:20 AM
- Whole Foods Market (NASDAQ:WFM) looks cheap on a historical comparison of the trading multiple it has traded at, notes Barron's Jack Hough.
- The premium on WFM's multiple to the S&P 500 relative to earnings is down to 20% from 100%.
- Hough also thinks stock buybacks and dividends could become a bigger part of the story.
- WFM +0.75% premarket to $33.39.
Thu, Jul. 30, 11:59 AM
- Management with Whole Foods Market (WFM -10.3%) conceded that an audit by the New York Department of Consumer Affairs on pricing by the grocery chain chain had a "significant" impact on sales last quarter, although top execs offered a different view on the development.
- Trust was broken and will need to be rebuilt a step at a time, said co-CEO Walter Robb.
- The other co-CEO, John Mackey, pitched it this way: "We don’t think our track record is any different from any other supermarket. We're not sure why Whole Foods was singled out for this attention."
- Either way, Whole Foods reported a sharp drop in comps just after the NYC pricing story broke.
- Whole Foods Market earnings call
- Previously: Whole Foods Market misses by $0.02, misses on revenue (Jul. 29 2015)
- Previously: Whole Foods Market slumps after earnings disappoint (Jul. 29 2015)
Thu, Jul. 30, 9:12 AM
- Gainers: UNXL +33%. UNIS +22%. MEET +18%. GEVO +17%. SHOP +15%. OTEX +15%. WWE +15%. SGYP +13%. SKX +12%. MWW +9%. HBP +8%. HOLX +8%. WDC +8%. APD +6%.
- Losers: PRSN -35%. LNCO -21%. LINE -19%. FMI -18%. SSYS -18%. ITG -14%. FOE -13%. WFM -12%. QRVO -12%. OSK -11%. LOCK -11%. DDD -9%. MNKD -7%. NCR -6%. GNCA -6%. FMS -5%. MPC -5%. CROX -5%.
Wed, Jul. 29, 5:41 PM
Wed, Jul. 29, 4:14 PM
- Whole Foods Market (NASDAQ:WFM) reports comparable-store sales rose 2.2% in FQ3.
- Average basket size increased 1.7% during the quarter. The increase in transactions was 0.5%.
- Gross margin fell 66 bps to 35.6% as the cost of goods rose faster than sales.
- SG&A expense rate +24 bps to 28.4%.
- Whole Foods ended the quarter with 424 stores and is still on track to cross the 500-store mark in FY17.
- Guidance: The company sees FY15 revenue growth of ~9% off a low single digit comp. An EBITDA margin of 9% is forecast. FQ4 EPS of $0.35-$0.35 forecast vs. $0.38 consensus.
- Previously: Whole Foods Market misses by $0.02, misses on revenue
- WFM-10.6% after hours to $36.50.
Mon, May 11, 10:52 AM
- Delhaize (NYSE:DEG) is up 13.3% after reports on a merger with Ahold (OTCQX:AHONY +3.8%) drove up shares listed in Europe earlier today.
- The talk of industry consolidation has some other U.S. grocery stocks ahead of market averages as well.
- Grocery gainers: Kroger (NYSE:KR) +1.0%, Whole Foods Market (NASDAQ:WFM) +1.2%, Roundy's (NYSE:RNDY) +1.0%, Supervalu (NYSE:SVU) +1.0%, Fairway Group (NASDAQ:FWM) +0.9%, Ingles Markets (NASDAQ:IMKTA) +9.8% with earnings also a factor.
- Previously: Ahold, Delhaize surge on merger reports
Thu, May 7, 9:45 AM
- A plan by Whole Foods Market (WFM -10.6%) to launch a new store brand concept was a major topic of the company's Q1 earnings call.
- A "fairly rapid" expansion of the new chain is expected to start next year with Whole Foods already in the process of negotiating leases for space.
- Though still rather loosely defined, the concept is being aimed at millennials with value prices and modern products.
- "We can broaden the accessibility of fresh healthy foods and we will continue to be leaders in that sense," said co-CEO John Mackey.
- The company plans to leverage existing distribution channels and partners for the new model.
- Sprouts Farmers Markets (NASDAQ:SFM) and The Fresh Market (NASDAQ:TFM) are two companies that could be affected if the roll-out is successful.
- Earnings call transcript
Thu, May 7, 9:20 AM
Wed, May 6, 4:12 PM
- Whole Foods Market (NASDAQ:WFM) reports comparable-store sales rose 3.6% in FQ2.
- Average basket size was up 2.8% and the company's transaction count was 0.8% higher.
- A higher mix of mature stores is a factor with comps at Whole Foods as newer stores continue to outperform.
- Whole Foods ended the quarter with 417 stores. It expects to cross the 500-store mark in 2017.
- Guidance: The company targets revenue growth of +9% off a low-to-mid single digit comp. EBITDA margin of 9% is forecast.
- Previously: Whole Foods Market beats by $0.01, misses on revenue
- WFM -10.1% after hours.
Thu, Mar. 5, 12:44 PM
- Strong reports from Kroger and Delhaize are helping to provide a lift for the grocery store sector.
- Earlier this week, privately-owned Publix reported comparable-store sales rose 6.4% in Q4.
- Comps are on the rise and margin gains are being squeezed out by operators off of the sales leverage.
- Solid gains for the day on strong volume are being seen up and down the group: Kroger (NYSE:KR) +4.9%, Whole Foods Market (NASDAQ:WFM) +1.6%, Supervalu (NYSE:SVU) +1.5%, Delhaize (NYSE:DEG) +3.7%, The Fresh Market (NASDAQ:TFM) +1.2%, Ingles Markets (NASDAQ:IMKTA) +2.3%, Fairway Group (NASDAQ:FWM) +2.6%, Roundy's (NYSE:RNDY) +14.9%.
Wed, Feb. 11, 4:12 PM
- Whole Foods Market (NASDAQ:WFM) reports comparable-store sales increased 4.5% in FQ1 vs. 5.4% a year ago and 3.1% last quarter.
- Average weekly sales per store came in at $724K.
- Transactions were 2.3% higher during the period, while the average basket was up 2.2%.
- The EBITDA margin was 8.5%, down 60 bps Q/Q.
- Gross margin rate -20 bps to 34.8% on higher input costs.
- SG&A expense rate -4 bps to 28.5%.
- Guidance: The company reiterates FY15 guidance of +9% sales growth and EBITDA margin of around 9%. FQ2 comps are up 4.9% through February 8.
- WFM +3.25% AH.
Dec. 10, 2014, 10:22 AM
- The S&P 500 Retail ETF (NYSEARCA:XRT) is up 0.3% today despite the negative action in the broader market.
- A forecast for sustained lower oil prices is the major reason for the upswing.
- Top 20 XRT holdings showing gains: Limited Brands (LB +0.6%), Whole Foods Markets (WFM +0.4%), Casey's General Stores (CASY +0.3%), Ross Stores (ROST +0.7%), Kroger (KR +0.9%), Advance Auto Parts (AAP +0.4%), Target (TGT +0.4%), Zumiez (ZUMZ +0.3%), CST Brands (CST +1.3%).
Whole Foods Market Inc is a retailer of natural and organic foods and a Certified Organic grocer. The Company's products include seafood, grocery, meat and poultry, bakery, prepared foods and catering, coffee and tea.
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