Whole Foods Market stock declined 19% following disappointing earnings and revenue guidance. Management cited increased competition and value focus, which will put pressure on gross margins. Updated valuation results in FMV of $33, a 15% downside from today's prices.
Full Answer
Is Whole Foods (WFM) stock trending negative after earnings?
Whole Foods Market trades on the NASDAQ under the ticker symbol "WFM.". Whole Foods Market, Inc. (NASDAQ:WFM) released its quarterly earnings results on Wednesday, May, 10th. Media stories about WFM stock have trended negative this week, according to InfoTrie.
What is the price of Whole Foods Market stock?
One share of WFM stock can currently be purchased for approximately $41.99. What is Whole Foods Market's official website? The official website for Whole Foods Market is www.wholefoodsmarket.com.
How many Whole Foods stores are closing in the US?
The company is closing nine stores, the most it has ever closed at one time. A mere 16 months ago, Whole Foods predicted it would grow its 470 U.S. locations to more than 1,200. Get the full experience. Choose your plan
What is going on with Whole Foods?
Apart from shuttering stores and stalling expansion plans, the company is continuing to focus on 365 by Whole Foods, a two-year-old division aimed at launching stores for “value-conscious” consumers. It’s also been dropping prices at its regular locations and mailing out national discount circulars, something it had not previously done.
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Is Whole Foods declining?
Even though the pandemic gave Whole Foods home delivery a boost, the physical retail shops have been an Achilles heel, with first-quarter sales at brick-and-mortar stores falling by 16% in 2021 versus the prior year. Another problem facing Whole Foods is the chain's lack of an independent online presence.
Is Amazon going to close Whole Foods?
Amazon.com Inc. said it's closing six Whole Foods Market locations in four states, almost two months after shutting dozens of bookstores and gift shops around the country.
Who is Whole Foods biggest competitor?
Top 8 Whole Foods Market Competitors Sprouts Farmers Market. Kroger. Raley's. Trader Joe's. The Fresh Market. Publix. Earth Fare. Natural Grocers.
What happened to Whole Foods shareholders?
Shareholders of Whole Foods Market, Inc. on Wednesday morning voted to approve the company's $13.7 billion in cash acquisition by online retail giant Amazon.com Inc.
Who bought Whole Foods?
Amazon spent more than $13 billion to buy this 40-year-old supermarket chain known for its organic merchandise and, at times, its sky-high prices. In the grocery world, the purchase was a cataclysmic event.
Who is the parent company of Whole Foods?
Amazon.comWhole Foods Market / Parent organizationAmazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It has been referred to as "one of the most influential economic and cultural forces in the world", and is one of the world's most valuable brands. Wikipedia
Who is the target market for Whole Foods?
The target customers for Whole Foods Market are individuals and families whose income is well above the national average, lead a healthy lifestyle and conscious of environment. Most of the customers have college degrees and live in upscale sub-urban or metropolitan areas.
What is the difference between Trader Joe's and Whole Foods?
Variety. Both groceries offer a vast range of products, with everything from bacon to exotic superfoods, but Whole Foods has much more brand variety than Trader Joe's. Joe's certainly sells other brands, but much of the store is populated with its own brand. That is not to say that this brand isn't delicious, however.
What is the alternative to Whole Foods?
Whole Foods Market competitors include Publix Super Markets, Trader Joe's, Walmart, Kroger and The Fresh Market.
Does Amazon Control Whole Foods?
Amazon purchased Whole Foods in 2017 for $13.7 billion. But while the company has dominated the online retail space, the grocery market has proved more challenging. As of mid-December, Amazon.com and Whole Foods have combined for just 2.4% of the grocery market, according to research firm Numerator.
What type of merger is Amazon and Whole Foods?
vertical mergerAs for Amazon, its merger with Whole Foods does not lessen competition; it just adds a step to the process — making it a vertical merger.
Was Whole Foods ever publicly traded?
The company first offered shares of its stock to the public in 1992. Whole Foods moved into Canada in 2002 and into the United Kingdom with the purchase of Fresh & Wild in 2004.
Whole Foods stock has crashed in 2014. Is competition from Kroger and Wal-Mart to blame?
Whole Foods Market ( WFM ) investors are having a tough year. After a solid 2013, the natural food retailer's stock has crashed 34% so far in 2014. While Whole Foods faces serious challenges, fear over the falling stock price have taken the focus away from what is really happening with the business.
NASDAQ: WFM
Competition concerns miss the mark Many pundits feel the entry of lower priced retailers, such as Kroger ( KR 0.80% ) and Wal-Mart, into the organic food business is hurting Whole Foods on prices. There are two reasons to believe that this argument is overstated.
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What percentage of organic food sales were made by mass market retailers in 2015?
Mass-market retailers were responsible for 53.3 percent of organic food sales in 2015, according to the Organic Trade Association; natural retailers clocked in just north of 37. Advertisement. Story continues below advertisement.
Does Costco sell organic food?
Like Walmart, Kroger and Aldi, Costco sells organic produce for considerably less than do natural food stores, farmers markets or Whole Foods. In fact, lowering prices has been one of Whole Food’s primary strategies for dealing with competitors.
