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Whole Foods Market (WFM) Is Sharply Lower On Forecast

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Whole Foods Market (WFM: Quote) reported first quarter EPS of $0.78 after the bell Wednesday, up from $0.65 in the previous year. The consensus estimate was for EPS of $0.77. The Company does not expect to produce the same level of EPS growth over the remainder of the year as it produced in the first quarter due primarily to tougher gross margin comparisons.

Whole Foods Market gapped open sharply lower Thursday morning and is now down 8.51 at $88.39. The stock has fallen to a 1-month low and has dropped below both its 50 and 200-day moving averages.

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by RTT Staff Writer

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