Shares of organic food retailer Whole Foods Market (NASDAQ:WFM) got pummeled today after missing analyst expectations on a number of metrics. Revenue came in light at $3.32 billion versus expectations of $3.34 billion, and EPS was $0.38 compared to expectations of $0.41. On top of all that, Whole Foods trimmed its full-year guidance.
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 today's Stock of the Day, Motley Fool analyst Simon Erickson says today 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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John Mackey, co-CEO of Whole Foods Market, is a member of The Motley Fool's board of directors. Mark Reeth has no position in any stocks mentioned. Simon Erickson owns shares of Whole Foods Market. The Motley Fool recommends and owns shares of Whole Foods Market. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.