February 15th 2011
(WFMI) Whole Foods Market Analyst Rates Shares Outperform
Being one of the leading natural and organic foods supermarkets, Whole Foods Market Inc. (WFMI) offers investors one of the strongest growth profiles in the industry with its strong brand image and marketing and merchandising expertise. The stock is poised to surge as the demand for healthier and natural food improves.
Whole Foods has been spurring its revenues through new store openings, acquisitions and comparable-store sales growth. Given the food retailing industry is highly fragmented, the company has been able to maintain a track record of successful integration of its regional acquisitions.
The stringent cost-control measures, effective inventory management, and improved store-level performance are driving earnings growth. Whole Foods recently posted better-than-expected first-quarter 2011 results on the back of strong sales as shoppers flocked to the grocery chain.
The quarterly earnings of 51 cents a share surpassed the Zacks Consensus Estimate of 45 cents, and jumped 59.4% from 32 cents earned in the prior-year quarter.