@1xpd- Uhm, Google says otherwise. I think you're holding the chart upside down.
11 replies (most recent on top)
-1pxd, if you mean 'upwards trend' in the sense of complete disillusionment and chaos, then yup you're right on the money!
Look at the 5 year trend in WFM stock. This company isn't the sinking ship that's being portrayed here. Companies have good years and bad years. We are on an upwards trend.
Wow. Capitalized words. You must be serious. ;)
It's real simple: If you can't increase sales year-on-year with 5 people on the floor you certainly won't increase sales with 2 people on the floor. Sales are declining now, and cutting people won't help. Duh. The bottom line starts with the top line, and if the top line is declining then cutting service won't raise it. And I simply don't believe that management is capable of running the operation efficiently or becoming more competitive. If they were, they wouldn't have borrowed a $billion to line their own pockets.
Simple math seems to have escaped YOU. I'm discussing sales because a prior commenter mentioned sales. The company isn't selling the same amount at each store year-on-year NOW, so it won't sell the same amount with a LOWER level of service...and certainly won't sell MORE on a same-store basis. At a certain point, less service will mean lower sales, but to argue that a declining SALES trend can be reversed by providing LESS SERVICE is pure folly.
"If you can't sell groceries with 5 people on the floor you won't sell MORE with 2!"
This math doesn't make sense. You don't need to sell more groceries if you have two employees. If you sell the same amount, you are making more money because you're paying less employees to sell the product. #simplemath
The company can't "remain competitive" if it isn't competitive now. Same store sales are still falling. Job cuts won't increase sales. If you can't sell groceries with 5 people on the floor you won't sell MORE with 2!
Nothing new reported here that has not been covered already on this site. Combo teams and diminished buyers are already in the works.
The end of summer slump and back to bigger sales with school and the holidays will be nice.
We still need to remain competitive. Walter Robb flat out said they will continue to look at ways to cut labor. Eventually the stores won't have buyers was one specific example he was able to give but they would not comment on other ways they intend to save labor. Also, They are using the 365 stores as a model for future business endeavors not just for new 365 store but as a model for their other stores as well. There is no limit to profit they will do their best to make as much money as possible. Your best bets are to learn how you will fit into the new model, quit or wait it out and hope for severance.
Nice try. Yes, when you open more locations, your sales go up. Stop moving the goal posts, fool. Here's the reality with my comments in parentheses and emphasis added in all caps. Meanwhile, the year-on-year same store sales comparison "improved" to be only down 2.6%. WOW. EPIC FAIL.
Whole Foods Market (WFM) Stock Plummets in After-Hours Trading on Q3 Revenue Miss:
Whole Foods reported disappointing 2016 third quarter revenue after today’s closing bell.
Source: Thestreet.com
NEW YORK: Shares of Whole Foods Market (WFM) are falling 3.98% to $32.30 in after-hours trading after the company reported DISAPPOINTING 2016 third quarter revenue after the market close.
Whole Foods reported earnings of 37 cents per diluted share and revenue of $3.7 billion for the quarter. Whole Foods saw the number of transactions decline 2.7% in the quarter -- in the second quarter, transactions declined 2.1%. Whole Foods same-store sales have now fallen in four straight quarters, according to Bloomberg data.
Analysts were looking for the company to report earnings of 37 cents on revenue of $3.73 billion.
"We are continuing to make measurable progress on fundamentally evolving our business including the successful launch of our new 365 format, expanded value investments, and increased efforts to better understand and provide personalized offers to our customers," said CEO Walter Robb. ("IN OTHER WORDS, IGNORE THE RESULTS AND SWALLOW MY STINKY PROPAGANDA!")
For the 2016 fourth quarter, the company expects same-store sales to follow a 2.4% quarter-to-date DECLINING TREND. Whole Foods also expects diluted earnings of 23 cents-24 cents per share for the quarter.