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.
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