Whole Foods (WFMI) Digests Disappointing 3Q Results, Wild Oats Buyout and Weak Sales Cited, Article Posted on BeaconEquity.com
High-end food stocks seem to be taking a rough time in the domestic economy, with several companies reporting poor forecasts and miserable numbers during the first quarter of this year. With the sluggish U.S. economy in the picture, investors fear that t
(EMAILWIRE.COM, August 06, 2008 ) DALLAS, Texas - BeaconEquity.com announces the publication of ‘Whole Foods (WFMI) Digests Disappointing 3Q Results, Wild Oats Buyout and Weak Sales Cited’
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Whole Foods (WFMI) Digests Disappointing 3Q Results, Wild Oats Buyout and Weak Sales Cited
"High-end food stocks seem to be taking a rough time in the domestic economy, with several companies reporting poor forecasts and miserable numbers during the first quarter of this year. With the sluggish U.S. economy in the picture, investors fear that the economic hard times is gradually eroding sales. The impact is significant to organic food grocer Whole Foods; according to some observations, today's soaring food prices will prove bad time to be in the expensive food business…
"Whole Foods, the world's leading natural and organic foods supermarket, recently sank to a 52-week low after it had a disappointing quarterly profit and said it would halt its dividend. For the 12-week third quarter ended July 6, 2008, Whole Foods net income dropped more than 30% to $33.9 million, or 24 cents a share…
"The upscale grocer's quarterly results were weighed down by costs and charges related to its acquisition of Wild Oats. Whole Foods estimates the negative impact on net income from Wild Oats, a smaller rival it recently took over, was approximately $4.9 million, or 3 cents per diluted share in the quarter…"
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Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
Investors can view all of the investment articles for free by visiting:
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Whole Foods (WFMI) Digests Disappointing 3Q Results, Wild Oats Buyout and Weak Sales Cited
"High-end food stocks seem to be taking a rough time in the domestic economy, with several companies reporting poor forecasts and miserable numbers during the first quarter of this year. With the sluggish U.S. economy in the picture, investors fear that the economic hard times is gradually eroding sales. The impact is significant to organic food grocer Whole Foods; according to some observations, today's soaring food prices will prove bad time to be in the expensive food business…
"Whole Foods, the world's leading natural and organic foods supermarket, recently sank to a 52-week low after it had a disappointing quarterly profit and said it would halt its dividend. For the 12-week third quarter ended July 6, 2008, Whole Foods net income dropped more than 30% to $33.9 million, or 24 cents a share…
"The upscale grocer's quarterly results were weighed down by costs and charges related to its acquisition of Wild Oats. Whole Foods estimates the negative impact on net income from Wild Oats, a smaller rival it recently took over, was approximately $4.9 million, or 3 cents per diluted share in the quarter…"
To read the entire article visit http://www.beaconequity.com/m – Click on News and Commentary
Join the fastest growing investor community at:
http://www.stocknetworkonline.com/
BeaconEquity.com’s Market News is one of the fastest growing small cap blogs in the investment community. Beacon is the authority on research in the small cap sector, and our analysts strive each day to find the stocks that are poised to be the biggest movers before the rest of the market is aware of them.
We encourage investors to subscribe to our FREE newsletter filled with daily trading ideas by visiting: http://www.beaconequity.com/m
BeaconEquity.com is one of the industry’s largest small cap research providers. Beacon strives to provide a balanced view of many promising small cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the publicly available information available on them. For more information on Beacon Research, please visit: http://www.beaconequity.com/m
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
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