Shares of organic food retailer Whole Foods Market (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.
