Whole Foods' slide is a gift to investors
Shares of the upscale grocer plummeted Wednesday after announcing earnings. It's still a great investment going forward.
That said, there were some highlights in the company's report. For instance, management provided investors with its strategic initiatives through 2018, which included improving operating margins and beginning to sell lower-priced items. Management also reported that Whole Foods has experienced six consecutive years of lowering store expenses.
So, is today a chance for investors to get in on Whole Foods for cheap?
On Wednesday's Stock of the Day, Motley Fool analyst Simon Erickson says the day was absolutely a gift for investors. With the company still making $1,000 per square foot, and continuously redefining what grocery stores look like, Whole Foods remains a great investment going forward.
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