{"id":1654,"date":"2013-05-09T01:29:00","date_gmt":"2013-05-09T01:29:00","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=1654"},"modified":"2013-05-14T16:37:56","modified_gmt":"2013-05-14T16:37:56","slug":"5-8-13-whole-foods-wfm-reports-a-great-quarter","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=1654","title":{"rendered":"5.8.13: Whole Foods (WFM) Reports a Great Quarter"},"content":{"rendered":"<figure id=\"attachment_1655\" aria-describedby=\"caption-attachment-1655\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/05\/WFM5813.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-1655\" alt=\"Click to enlarge\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/05\/WFM5813-300x152.png\" width=\"300\" height=\"152\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/05\/WFM5813-300x152.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/05\/WFM5813-1024x519.png 1024w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/05\/WFM5813.png 1903w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-1655\" class=\"wp-caption-text\">Click to enlarge<\/figcaption><\/figure>\n<p>Whole Foods (WFM) reported another strong quarter after the close Tuesday night, and the stock price followed suit today, closing up $9 or 10% to $102 on 4(x) average volume.<\/p>\n<p>Revenues rose 13% year-over-year (y\/y), operating income rose 20% and earnings per share (EPS) rose 19% for the specialty retailer, as management&#8217;s tempered guidance last quarter never materialized.<\/p>\n<p>WFM is trading at 14(x) cash-flow which is actually cheaper than a lot of consumer staples are valued on a cash-flow basis.<\/p>\n<p>The stock traded above its previous all-time high today of $101.86, from early October, 2012.<\/p>\n<p>Technically, today&#8217;s trading action looks like a fresh breakout for WFM, and although the valuation\u00a0is a little lofty, the fundamentals and continued market share gains are supportive of that valuation.<\/p>\n<p>Our internal model has an intrinsic value on WFM of $133 per share, and that was pre-earnings.<\/p>\n<p>We think WFM could be good for at least another $20 of upside, with a supportive market that we see today. (That is not a prediction, but an educated guess. )<\/p>\n<p>We&#8217;d own more on a pullback too.<\/p>\n<p>Trinity Asset Management, Inc. by:<\/p>\n<p>Brian Gilmartin, CFA<\/p>\n<p>Portfolio manager<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whole Foods (WFM) reported another strong quarter after the close Tuesday night, and the stock price followed suit today, closing&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[58],"tags":[],"class_list":["post-1654","post","type-post","status-publish","format-standard","hentry","category-wfm"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/1654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1654"}],"version-history":[{"count":4,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/1654\/revisions"}],"predecessor-version":[{"id":1694,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/1654\/revisions\/1694"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}