'CRYPTIC' GROWTH FORECAST SINKS WHOLE FOODS' STOCK

AUSTIN, Texas - Whole Foods Market here reported yet another quarter of double-digit sales and earnings growth last week, but investors were not impressed.Shares in the fast-growing natural food chain plunged 12% to a new 52-week low after what analysts said was confusing guidance about its sales growth and what could be a slowdown in new-store expansion."They were a little cryptic with their guidance,

AUSTIN, Texas - Whole Foods Market here reported yet another quarter of double-digit sales and earnings growth last week, but investors were not impressed.

Shares in the fast-growing natural food chain plunged 12% to a new 52-week low after what analysts said was confusing guidance about its sales growth and what could be a slowdown in new-store expansion.

"They were a little cryptic with their guidance, and that created uncertainty, and uncertainty in this current market envi

Register to view the full article

test - Advanced Registered User

Already a member? .