S&P Lowers Outlook on Whole Foods (WFM) to Negative; Sees Credit Measures Weakening

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Go back to S&P Lowers Outlook on Whole Foods (WFM) to Negative; Sees Credit Measures Weakening

Deutsche Bank Compares Whole Foods (WFM) to Kroger (KR) in 2001

November 5, 2015 11:17 AM EST

Deutsche Bank maintained a Hold rating on Whole Foods Market (NASDAQ: WFM) and trimmed its price target to $26.00 (from $30.00). The change follows disappointing Q4 results. In the view of analyst Karen Short, the situation is "eerily reminiscent" to Kroger in 2001, when increasing competition on commoditized SKUs caused escalating comp and margin pressure.

Short explained, "We believe KRs journey in the early 2000s is instructive... More

Whole Foods Market (WFM) Posts Q4 GAAP EPS of 16c; Approves New $1B Buyback Plan

November 4, 2015 4:08 PM EST

(Updated - November 4, 2015 4:08 PM EST)

Whole Foods Market (NASDAQ: WFM) reported Q4 EPS of $0.16, which may not compare with the analyst estimate of $0.35. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.47 billion.

Results included a non-cash asset impairment charge of $46 million, or $0.08 per diluted share, and a restructuring charge of $34 million, or $0.06 per diluted share

Comparable store sales on a constant currency basis decreased 0.2%, versus the consensus of up 0.7%.

The company also announced a new capital allocation strategy that reflects confidence in the Company's future... More