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Mon, Feb. 1, 10:46 AM
- Strong volume numbers out of Sysco this morning aren't going unnoticed by grocery store investors.
- With a large percentage of the market showing losses, Whole Foods (WFM +1.9%), The Fresh Market (TFM +0.1%), and Kroger (KR +1.8%) are all higher. Related food seller Casey's General Stores (CASY +0.9%) is also in positive territory.
- Previously: 52-week high for Sysco after earnings shine (Feb. 1)
Fri, Jan. 29, 10:28 AM
- Grocery store stocks are early outperformers on the day.
- Supervalu (SVU +6.3%), Kroger (KR +2.6%), The Fresh Market (TFM +2.7%), SpartanNash (SPTN +2.8%), Sprouts Farmers Market (SFM +2.8%), and Whole Foods Market (WFM +3.2%) are all drawing in buyers.
- Traders are pointing to the macroeconomic climate and valuation as catalysts. Earlier, SA contributor Hawkinvest pitched the case that SVU is vastly undervalued.
Wed, Jan. 20, 10:52 AM
- Whole Foods (NASDAQ:WFM) is down 3% to carve out a new multi-year low of $28.46.
- Shares of Whole Foods now trade at a forward earnings multiple level close to that of Kroger. The PE spread between Whole Foods and Kroger has been very wide over the last few years due to the perceived growth ramp for Whole Foods.
- Whole Foods is due to report earnings on February 10 when its outlook on comparable-store sales growth for FY16 will be crucial.
Dec. 22, 2015, 10:17 AM
- Whole Foods Markets (WFM +3.3%) trades at its highest level in two months as it stays on a slow upward climb after bottoming out at $28.73. The stock has outperformed both the S&P 500 Index and the S&P Retail ETF over the last 90 days.
- Bullish views on Whole Foods are well represented on SA. Take your pick between M&A, fundamentals, or dividends as a potential reason to buy Whole Foods. Some technical traders have a close of over $34 as significant for a further WFM breakout.
Dec. 11, 2015, 10:49 AM| Dec. 11, 2015, 10:49 AM | 14 Comments
Dec. 10, 2015, 10:30 AM
- The organic grocery store sector is making some modest gains with Whole Foods Market (WFM +3.3%), Fairway Group (FWM +3%), Sprouts Farmers Market (SFM +2.6%), and The Fresh Market (TFM +2.5%) all higher than broad market averages.
- The group has had a very rough year due to a high level of competition and some saturation in key markets. Consolidation is still seen as a potential way out for some chains.
- YTD returns: FWM -76%, SFM -24%, TFM -40%, WFM -38%.
Dec. 8, 2015, 8:23 AM
- United Natural Foods (NASDAQ:UNFI) is down sharply in early trading after the company missed profit estimates. Gross margin plunged 89 bps to 15.1% as the sales mix during the quarter drifted toward more lower margin items.
- Piper Jaffray thinks the earnings read from United Natural Foods could raise caution over Whole Foods Market (NASDAQ:WFM) which uses UNFI as its largest supplier.
- Previously: United Natural Foods misses by $0.04, revenue in-line (Dec. 07 2015)
- UNFI -11.42% premarket to $39.00. WFM -0.62% to $30.50.
Nov. 5, 2015, 9:10 AM| Nov. 5, 2015, 9:10 AM | 32 Comments
Nov. 4, 2015, 5:39 PM
Nov. 4, 2015, 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.
Oct. 26, 2015, 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.
Aug. 28, 2015, 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.
Jul. 30, 2015, 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)
Jul. 30, 2015, 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%.
Jul. 29, 2015, 5:41 PM
Jul. 29, 2015, 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.
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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