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Stock Market & Financial Investment News

News Breaks
July 31, 2014
11:13 EDTKR, WFM, FWM, TFMWhole Foods retreats after lowering guidance
Shares of Whole Foods Market (WFM) are sinking after the company cut its full-year guidance. WHAT'S NEW: Whole Foods reported stronger than expected third quarter revenue and earnings per shares of $3.4B and 41c, respectively, and said that its comparable store sales had risen 3.9%. However, the supermarket operator cut its full-year sales growth outlook to 9.6%-9.9% from its previous guidance of 10.5%-11%. The company also reduced its full-year EPS outlook to $1.52-$1.54 from $1.52-$1.56 and cut its full-year comparable sales growth guidance to 4.1%-4.4% from 5%-5.5%. "Our business model is producing industry-leading sales per gross square foot, healthy returns on invested capital and strong operating cash flow," said Whole Foods co-CEO Walter Robb in a statement. "We are seeing signs of stability in our sales trends and believe our strategic initiatives will help generate further momentum and produce increasing returns on invested capital over the long term," Robb added. ANALYST REACTION: JPMorgan analyst Ken Goldman downgraded the stock to Neutral from Overweight, stating that the company is likely to deliver low fiscal 2015 EPS as it increases its investments in a number of areas, including advertising, store refreshes, and home delivery. Additionally, Whole Foods could lower its fiscal 2015 EPS guidance well below the $1.74 it provided last quarter, the analyst added. Goldman reduced his fiscal 2015 and fiscal 2016 EPS estimates significantly below consensus levels and cut his price target on the stock to $38 from $48. Also downgrading the stock was UBS analyst Jason DeRise. Increased competition has caused Whole Foods' market share gains in natural food to stall, according to DeRise. To attract additional natural food customers it must cut its prices, he contended. The analyst downgraded the stock to Neutral from Buy and cut his price target to $41 from $48. Morgan Stanley was more upbeat on the stock, saying that the company's growth is poised to re-accelerate over the longer term. The firm recommended buying the stock on weakness and kept a $50 price target and Overweight rating on the shares. PRICE ACTION: In mid-morning trading, Whole Foods fell 3.4% to $37.76. Other supermarket stocks also retreated, with The Fresh Market (TFM) falling 3.5% to $29.62, Fairway Group (FWM) losing 1.8% to $5.95, and Kroger (KR) losing 1% to $49.22.
News For WFM;TFM;FWM;KR From The Last 14 Days
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July 1, 2015
19:48 EDTWFMWhole Foods co-CEOs comment on pricing issues, will implement audit system
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June 30, 2015
14:31 EDTKRKroger announces retirement of COO Mike Ellis
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June 25, 2015
11:35 EDTKRKroger expects an increasing dividend 'over time'
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11:34 EDTKRKroger board approves new $500M share repurchase program
Kroger's board approved a $500M share repurchase program, replacing the prior authorization, which has been exhausted. It is not expected that any purchases will be made under this new Board-authorized plan for the remainder of FY!5.
11:33 EDTKRKroger board approves 2-for-1 stock split
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11:33 EDTKRKroger increases quarterly dividend by 13.5% to 21c
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11:26 EDTKRKroger trading halted, pending news
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June 24, 2015
15:53 EDTWFMSunTrust identifies the most likely M&A activity in specialty retail
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13:39 EDTWFMDCA reports 'systemic overcharging' for pre-packaged foods at Whole Foods
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10:31 EDTWFMNew York probing Whole Foods over alleged overcharging, Daily News reports
New York City has launched a probe of Whole Foods Markets after an investigation conducted by the Department of Consumer Affairs found items for sale at its locations were labeled inaccurately, with many overcharging consumers, according to The Daily News. A Whole Foods spokesman said the company disagrees with the city's findings and is "vigorously defending" itself against the allegations, the report noted. Reference Link
09:21 EDTKRUnited Natural Foods added to Best Ideas List at Wedbush
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June 23, 2015
07:27 EDTKRJefferies to hold a conference
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June 19, 2015
13:38 EDTKROptions with decreasing implied volatility
Options with decreasing implied volatility: QIHU PIR RHT BLUE KMX RAD KBH ADBE ACM KR
09:28 EDTKRKroger participates in a conference call with Deutsche Bank
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