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WFM - Whole Foods Market, Inc.(NASDAQ:WFM)

post #1 of 12
Thread Starter 

what do you guys think about this? second quarter results on Wednesday, May 2, 2012. Any reason why this should just not keep moving 40% up year over year? or is it maxed out and a U turn is coming like Abercrombie & Fitch?

post #2 of 12
Whole Foods Market, Inc. (Whole Foods Market) is a natural and organic foods supermarkets. As of September 25, 2011, Whole Foods Market operated 311 stores in the United States, Canada, and the United Kingdom. The Company's stores average 38,000 square feet in size and 10 years in age, and are supported by its Austin headquarters, regional offices, distribution centers, bakehouse facilities, commissary kitchens, seafood-processing facilities, meat and produce procurement centers, and a specialty coffee, tea procurement and roasting operation. As of September 25, 2011, it operated 311 stores, of which 299 stores operated in 38 United States and the District of Columbia; seven stores in Canada; and five stores in the United Kingdom. It owns 12 stores, two distribution facilities and land for one store in development, including the adjacent property. It also owns a building on leased land, which is leased to third parties, and has one store in development on leased land...


425
post #3 of 12
Thread Starter 

natural and organic.. like Chipotle :)

post #4 of 12
Thread Starter 

and the upward journey towards $90 continues... second-quarter 2012 financial results after the closing bell tomorrow. Good short term short... but long term long :)

post #5 of 12

Crushed earnings. Over $90 now.

post #6 of 12

Everybody loves these stores, if you dont mind the prices

 

chart.ashx?t=WFM&ty=c&ta=1&p=d&s=l

post #7 of 12
Thread Starter 
Quote:
Originally Posted by actinggeorge View Post

and the upward journey towards $90 continues... second-quarter 2012 financial results after the closing bell tomorrow. Good short term short... but long term long :)

90.40 +6.09 (7.22%)... next target: $120

post #8 of 12

http://www.reuters.com/article/2011/06/21/wholefoods-idUSN1E75K0BV20110621

 

Old link, but talk about a growth play. Looking to increase retail locations by 3x to 1000 stores.

post #9 of 12
Quote:
Originally Posted by actinggeorge View Post

90.40 +6.09 (7.22%)... next target: $120


your predicting 120 premarket over the weekend?

post #10 of 12

Continuing to test 52 week highs. 

post #11 of 12

Whole Foods quarterly sales hold up, shares soar

700

Quote:

* 3rd quarter EPS $0.63 vs Street view $0.61

* Same-store sales up 8.2 percent

* Raises full-year profit outlook

* Shares jump 11 percent

July 25 (Reuters) - Whole Foods Market Inc reported quarterly profit that topped Wall Street's view after sales at established stores defied the softening U.S. economy, sending the upscale grocer's shares surging 11 percent in an after-hours relief rally.

Investors had worried that Whole Foods' industry-leading same-store sales would cool, especially after top performing restaurant chain Chipotle Mexican Grill Inc flagged a slowing at its restaurants open at least 13 months.

Whole Foods shares had been down almost 7 percent since Chipotle reported earnings on July 19.

Both Chipotle and Austin, Texas-based Whole Foods appeal to health-conscious and relatively affluent consumers willing to spend a bit more for higher quality.

Whole Foods has lured many of these shoppers away from mainstream supermarkets such as Kroger Co, Safeway Inc and Supervalu Inc, which are fighting for every sale to more price-sensitive shoppers.

"In an economic environment that is proving to be difficult for many retailers, we are thriving," Walter Robb, co-chief executive officer of Whole Foods Market, said in a statement.

Robb said the chain would continue to gain market share by further differentiating shopping at its stores, improving competitive pricing and reinforcing its brand as "America's healthiest grocery store."

Net income at Whole Foods was up 32 percent to $116.8 million, or 63 cents per share, for its fiscal third quarter that ended July 1, topping analysts average estimate by 2 cents per share, according to Thomson Reuters I/B/E/S.

Same-store sales at Whole Foods, the biggest U.S. grocery chain that focuses on organic and natural food products, were up 8.2 percent - roughly in line with the 8.4 percent gain analysts expected, according to Thomson Reuters data.

Total sales for the quarter rose almost 14 percent to $2.7 billion.

Based on the third quarter beat, Whole Foods raised its full-year earnings forecast to a range of $2.51 to $2.52 per share, up from $2.44 to $2.47 per share previously.

Whole Foods shares jumped to $94.05 from their close of $84.53.

post #12 of 12

Broke $100 after hours. BOD approved a 2:1 split for shareholders on record as of May17th. Beat earnings estimates of .73c. I could see this hitting $105 tomorrow. 

 

Easily the best retail investment for the next 10yrs IMO.

 

http://seekingalpha.com/article/1411591-whole-foods-market-s-ceo-discusses-q1-2013-results-earnings-call-transcript?source=yahoo

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