- American City Business Journals•yesterday
Fresh, natural and organic food grocer Whole Foods Market has lost millions of customers over the past year and a half, and Kroger Co. has been the biggest beneficiary. The findings are clearly positive for Cincinnati-based Kroger (KR), the nation’s largest operator of traditional supermarkets. Whole Foods (WFM) has lost as many as 14 million customers over the past six quarters, Short wrote in a report she issued Monday.
Yesterday, we noted Barclays' view that customer losses at Whole Foods Market (WFM) have been "staggering." Today, we check in with a bull, and unfortunately, he sounds far less confident. The bull in question is SunTrust's David Magee, and in a note released today, he sounds less than enthusiastic about his Buy rating.
If you’ve taken to grinding your own almond butter because Whole Foods is too expensive, you might not be the only one. Traffic has declined 3% at Whole Foods in the past year and a half, and that means the organic grocer has lost perhaps 12 million transactions, according to a new Barclays analysis. “To be more specific, as most retailers know, once traffic has been lost, those patterns rarely reverse.” As it stands, Kroger seems to have been reaping the benefits of Whole Foods’ pricey missteps.
WFM : Summary for Whole Foods Market, Inc. - Yahoo Finance
Whole Foods Market, Inc. (WFM)
NasdaqGS - NasdaqGS Delayed Price. Currency in USD
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|Bid||29.10 x 300|
|Ask||29.18 x 400|
|Day's Range||28.50 - 29.14|
|52 Week Range||27.67 - 35.58|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||21.04|
|Dividend & Yield||0.56 (1.96%)|
|1y Target Est||N/A|