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After Hours: Facebook Disappoints, Whole Foods Obliterated (Again), Wynn Huge Miss

scott
edited July 2015 in Off-Topic
WFM -11% at one point (around 9.5-10% down now), the second quarter in a row with a double digit % move down. Big miss on comp store sales.

As much as I dislike FB, not a terrible quarter just not a home run and was in need of a pullback anyways.

WYNN now moving higher after call (so much bad news already probably priced in after the move the stock has had), as is FB. WFM still spoiled -10%.

Comments

  • Sven
    @scott, it has been roller coaster reporting so far. Think WFM are heading headwind going forward as other large grocer chains including Costco and Albertson are offering organic foods but at much better price points. Read earlier that WFM is planning to open up lower cost stores to compete better. Yout local farmer market probably offer the best of both world - quality and price.

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