Wednesday 16 January
Powered by Ajaxy
Feb 9, 2017 @ 16:47

Whole Foods is sliding after missing on earnings and slashing its guidance

Whole Foods is sliding after announcing quarterly earnings that fell short of Wall Street estimates in addition to slashing its full-year guidance.

The upscale grocery chain earned $0.30 per share versus the Wall Street estimate of $0.39. On an adjusted basis, earnings were in-line at $0.39 per share.

Revenue rose 1.8% versus a year ago to $4.92 billion, but that was below the $4.98 billion that was expected.

Shares of Whole Foods were down as much as 4.4% in after-hours trading on Wednesday.

Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2019 Food Evolution -