Whole Foods protects profits in second quarter as it cuts prices
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Jefferies Remains Sidelined on Whole Foods Market (WFM) Following 2Q EPS Beat
May 5, 2016 8:37 AM EDTJefferies maintained a Hold rating and $31.00 price target on Whole Foods Market (NASDAQ: WFM) following the company's 2Q earnings report. WFM reported an EPS of $0.44, beating the Street's estimates of $0.41. SG&A came in better-thanexpected and helped offset weak comps and gross margins,... More
Whole Foods (WFM) Traffic Deceleration Continues Despite Price Investments; PT Drops to $29 - Piper Jaffray
May 5, 2016 7:27 AM EDTPiper Jaffray analyst, Sean Naughton, noted that deteriorating same store sales at Whole Foods Market (NASDAQ: WFM) were expected but the effectiveness of these investments is in question given the continued deceleration in traffic trends. Whole Foods Q2 comps were below expectations, coming in at (3.0%) versus... More
