The Traderszone Network

Published in TZ Latest News 11 February, 2017 by The TZ Newswire Staff

Why Chipotle Mexican Grill Could Be the Next Whole Foods

There wasn’t much to like about Whole Foods Market‘s (NASDAQ: WFM) latest quarterly report. Comparable sales slumped 2.4%, driven by a 3.9% drop in transactions. Net income contracted, with gross margin slumping and operating costs rising. The long-held goal of reaching a store count of 1,200 wasn’t mentioned, though management said nine stores would be closing. And the company’s outlook for 2017 doesn’t call for much improvement.

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