Whole Foods is sliding after missing on earnings and slashing its guidance (WFM)

pulse

February 8, 2017 10:42 PM

Shares are down about 4%.

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Whole Foods is sliding after announcing quarterly earnings that fell short of Wall Street estimates in addition to slashing its full-year guidance.

The upscale grocery chain earned $0.30 per share versus the Wall Street estimate of $0.39. On an adjusted basis, earnings were in-line at $0.39 per share.

Revenue rose 1.8% versus a year ago to $4.92 billion, but that was below the $4.98 billion that was expected.

Shares of Whole Foods were down as much as 4.4% in after-hours trading on Wednesday.

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