Hot Cheap Companies For 2016: Whole Foods Market Inc.(WFM)
Whole Foods Market, Inc. engages in the ownership and operation of natural and organic food supermarkets. The company offers produce, seafood, grocery, meat and poultry, bakery, prepared foods and catering, coffee and tea, nutritional supplements, and vitamins. It also provides specialty products, such as beer, wine, and cheese; body care and educational products, such as books; and floral, pet, and household products. As of February 9, 2011, the company operated 302 stores in the United States, Canada, and the United Kingdom. Whole Foods Market, Inc. was founded in 1978 and is headquartered in Austin, Texas.
Advisors' Opinion:- [By John Udovich]
Just two years ago, small cap grocery store stock SUPERVALU Inc (NYSE: SVU) was struggling as the most shorted grocery stock on the market and underperforming potential peers like large caps Whole Foods Market, Inc (NASDAQ: WFM) and Kroger Co (NYSE: KR) plus mid cap Safeway Inc (NYSE: SWY). However, SUPERVALU Inc reported another good earnings report for the fiscal third quarter 2015 that seems to indicate the turnaround begun by the CEO two years ago is succeeding, and yet shares still ended the day right where they started. Here are some key takeaway's from the Wednesday morning earnings report and/or earnings call (the transcript is available here on Seeking Alpha):
- [By reports.droy]
The U.S. organic foods firm, Whole Foods Market (WFM), is currently facing intense competition from rivals which has been driving its comparable store sales on a downhill ride in the fiscal year 2014. In the entire year, same-store sales stood at 4.3%, down from 6.9% reported in the previous fiscal year. Hence, as a venture to boost sales in the next fiscal years the Fortune 500 company is ready to invest around $20 million on a national ad campaign. So, what is the ca! mpaign all about and how is the company expecting it to rejuvenate the slack in sales? Will it really aid the company in achieving the goal to improve its sales? Let's take a peek into the details of the campaign to understand how it can actually pull up the comparable store sales as well as the stock which has already plunged around 30% year to date. Investors are also highly concerned with the drop in the chain's sales growth amid increased organic grocery competition.
- [By smartinvestments]
Peer Whole Foods Market (WFM) also reported a great quarter recently. Its top line grew 9% as comp sales grew 3.1% during the quarter. Its earnings also jumped 9.4% to $0.35 per share despite measures such as lowering the price of the products in order to attract customers. Whole Foods Market is an upscale organic food retailer and therefore caters to the affluent customers on
source from Top Stocks For 2015:http://www.topstocksblog.com/hot-cheap-companies-for-2016.html
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