Whole Foods’ future appears weak


NEW YORK TIMES: Quarterly earnings decrease by more than half for premium grocer.

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NEW YORK TIMES: Quarterly earnings decrease by more than half for premium grocer.

The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. Shares slid more than 7 percent in after-hours trading to $28.47.

Even before Wednesday’s report investment analysts were almost uniformly negative on the company, worried that competition from mainstream retailers, which are increasing the amount of organic and natural items in their mix, will impede the growth of Whole Foods.

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