Whole Foods is down 6.6% to $US51.78. The stock took a tumble after hours on Wednesday when the company reported disappointing earnings.
The retailer lowered full-year guidance and expects EPS of $US1.58-$1.65 per share, down from $US1.65-$.169 per share. This was also below expectations for $US1.68 per share. It also lowered full-year comp sales expectations.
Whole Foods is now looking for full-year comp sales to be up 5.5-6.2%, compared with expectations for 6.2%. This is lower than its prior outlook for 5.5-7%.
This five-day chart shows the decline following the earnings announcement:
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