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Whole Foods Market, Inc. (WFM)

  • 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.
    | Fri, Aug. 28, 7:20 AM | 1 Comment
  • Tue, Aug. 25, 10:43 AM
    • Goldman Sachs analysts say the U.S. stock market correction has many more parallels with 1998 than 2008, which “suggest[s] a rebound ahead,” while predicting the S&P 500 will rise by 11% from current levels to reach 2,100 by year's end.
    • The S&P fell 19% between July and August 1998, but "ultimately, the U.S. economy was relatively unaffected by overseas financial market gyrations in 1998, and we believe a similar situation will occur in 2015," Goldman says.
    • The correlation between U.S. economic growth and Chinese growth is relatively low, Goldman says, estimating that a one percentage point drop in Chinese growth would translate into a 0.06 pp reduction in U.S. GDP.
    • The best strategy for U.S. consumers, the bank advises, is to hold companies with high domestic revenues and avoid companies with high foreign sales.
    • Goldman's list of the 25 most oversold stocks with high U.S. sales exposure: KMX, M, WFM, CHK, SWN, RRC, COG, PXD, OKE, MPC, NAVI, ETFC, LNC, BXP, KEY, RF, DFS, ANTM, CSX, NSC, UNP, JBHT, FSLR, ADS, PAYX
    | Tue, Aug. 25, 10:43 AM | 40 Comments
  • Wed, Aug. 12, 12:29 PM
    • Whole Foods Market (WFM -0.6%) plans to sell 38 different variations of its craft beer line at stores in Texas next month.
    • The first beer from Whole Foods Market Brewing Company to hit stores will be Post Oak Pale Ale.
    • Whole Foods Market Brewing Company operates several brewpubs with seating for up to 40 people inside of stores in Texas.
    | Wed, Aug. 12, 12:29 PM | 5 Comments
  • Mon, Aug. 10, 1:07 PM
    • Whole Foods Market (WFM -1.3%) has pulled an asparagus water product from store shelves after the item drew mockery online.
    • The company says miscommunication within the company led to the $5.99 pricing on what appeared to be merely three asparagus stems in a bottle of water.
    | Mon, Aug. 10, 1:07 PM | 20 Comments
  • Sat, Aug. 1, 12:21 PM
    • Whole Foods Market (NASDAQ:WFM) ended the week 10% lower after a disappointing FQ3 earnings report. Shares are now 37% below their 52-week highs.
    • While an increased level of competition in the organic sector and a pricing scandal in NYC hang over the company, execs have their eyes on the introduction of the new value-concept brand.
    • The launch of 365 by Whole Foods Market starts in L.A. next year. Another ten stores are expected to be opened by the end of 2017.
    • On the earnings call, Whole Foods execs stated the new chain will involve significantly reduced capital and labor costs, although analysts pressed them about using "A+" real estate space.
    • Whole Foods notes the 365 brand pushes the long-term projection for stores past the 1,200 used as a base for some forecasts. It could also push up blended margin rates.
    • Previously: Whole Foods Market slumps after earnings disappoint (July 29)
    | Sat, Aug. 1, 12:21 PM | 56 Comments
  • Fri, Jul. 31, 7:20 PM
    • Whole Foods Market's (WFM +0.9%) Chief Information Officer, Jason Buechel, has been lifted into the company's executive leadership team.
    • The move means he has the same voting power as other senior execs -- he previously reported to CFO Glenda Flanagan -- and it underscores the growing importance of IT at the grocery chain.
    • Whole Foods is investing heavily in infrastructure to satisfy customer demand for information. The moves include a new unified point-of-sale system and a rewards program to enhance loyalty, which it hopes to have nationwide by late this year.
    • Previously: Whole Foods Market slumps after earnings disappoint (Jul. 29 2015)
    | Fri, Jul. 31, 7:20 PM | 7 Comments
  • 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, 11:59 AM | 2 Comments
  • Thu, Jul. 30, 9:12 AM
    | Thu, Jul. 30, 9:12 AM | 6 Comments
  • Wed, Jul. 29, 5:41 PM
    • Top gainers, as of 5.25 p.m.: UNIS +20.3%. FORM +9.4%. PEGA +9.0%. SKX +8.6%.
    • Top losers, as of 5.25p.m.: QRVO -15.0%. FMI -11.3%. WFM -10.6%. THRM -7.9%. CAVM -7.9%.
    | Wed, Jul. 29, 5:41 PM | 7 Comments
  • 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.
    | Wed, Jul. 29, 4:14 PM | 31 Comments
  • Wed, Jul. 29, 4:13 PM
    • Whole Foods Market (NASDAQ:WFM): FQ3 EPS of $0.43 misses by $0.02.
    • Revenue of $3.63B (+7.4% Y/Y) misses by $60M.
    • Shares -10.58%.
    • Press Release
    | Wed, Jul. 29, 4:13 PM | 3 Comments
  • Fri, Jul. 10, 4:04 AM
    • Whole Foods (NASDAQ:WFM) has adopted new rules to make it easier for groups of small shareholders to run candidates for the company's board of directors.
    • In a recent filing, the grocery chain said it approved bylaw amendments to allow a group of up to 20 shareholders owning at least 3% of the company's stock to nominate director candidates and have them included on the company's proxy materials.
    | Fri, Jul. 10, 4:04 AM | 1 Comment
  • Thu, Jul. 2, 10:31 AM
    • "Straight up, we made some mistakes and we want to own that,” Whole Foods (WFM +0.1%) co-CEO Walter Robb and co-founder John Mackey say in a two-minute video apology.
    • WFM is under fire after NYC inspectors found several stores were mislabeling packaged foods in the "worst case of overcharging" they had ever seen; inspectors weighed 80 items from eight WFM stores and found inaccurate labeling on every item, according to the city’s Department of Consumer Affairs.
    • Robb and Mackey say the overcharges were unintentional, the company is taking steps to fix the problem, and customers will be refunded for the full price of any product that has labeling errors.
    | Thu, Jul. 2, 10:31 AM | 26 Comments
  • Wed, Jun. 24, 8:26 AM
    • Whole Foods Market (NASDAQ:WFM) is under investigation in New York City for charging too much on items based on weight-based pricing.
    • A sting by the Department of Consumer Affairs found inaccurate weights listed on a majority of the products tested.
    • Though the probe found similar violations at 77% of all the grocery stores it checked, Whole Foods is taking the brunt of the criticism in the Big Apple.
    • The company has vehemently denied any pricing errors were intentional.
    | Wed, Jun. 24, 8:26 AM | 16 Comments
  • Thu, Jun. 11, 9:13 AM
    | Thu, Jun. 11, 9:13 AM | 12 Comments
  • Thu, Jun. 4, 10:52 AM
    • Deutsche Bank is cautious on the new store format outlined by Whole Foods Market (WFM -1.8%) during its last earnings call.
    • The investment firm thinks the grocery chain will have a challenge in creating a concept that doesn't take away from Whole Food's double-digit contribution margin rate.
    • If Whole Foods can strike deals with low rent costs and focus heavily on pre-packaged foods it stands a better chance of adding to EPS, reasons DB.
    • Whole Foods Market articles on SA also tackle the implication of the new value brand under development.
    • Previously: Whole Foods Market talks new value brand (May. 07 2015)
    | Thu, Jun. 4, 10:52 AM | 9 Comments
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Company Description
Whole Foods Market Inc is a retailer of natural and organic foods and a Certified Organic grocer. Its products include seafood, grocery, meat and poultry, bakery, prepared foods and catering, coffee and tea.
Sector: Services
Industry: Grocery Stores
Country: United States