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Good day, everyone and welcome to today's Whole Foods Second Quarter Earnings. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the QnA session. I will be standing by, should you need any assistance.
We thought Whole Foods Market WFMI was being overly cautious in the prior quarter when it announced expectations of 15%-20% sales growth for fiscal 2007 despite an anticipated acceleration in square-footage growth. It turns out that those targets were too ambitious. Declining comparable-store sales ...
Despite coming in light on sales growth, Whole Foods Market's WFMI fiscal third-quarter results, announced Monday, were acceptable. However, the company's sales forecast for next year was a bit disconcerting. At this point, we think management is being overly cautious and we do not see any telltale ...
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Investor returns could suffer if growth slows and valuation multiples contract from lofty levels.
Consumer defensive firms look to offset muted growth by beefing up their competitive positioning, and select opportunities for investors remain.