Whole Foods' Chickens Have Come Home to Roost
Alex Berezow, ACSH
When a company fires several board members, things are not going well. That's what Whole Foods just did.According to the Wall Street Journal, Whole Foods stores are struggling. In the 2nd quarter of 2017, sales fell by nearly 3%. This isn't a one-off result. Revenue growth has been trending downward since 2012. Then, in the 4th quarter of 2015, revenue growth hit negative territory, meaning that sales actually began to shrink. Since 2013, Whole Foods's stock price has fallen by almost 50%.
When a company fires several board members, things are not going well. That's what Whole Foods just did.According to the Wall Street Journal, Whole Foods stores are struggling. In the 2nd quarter of 2017, sales fell by nearly 3%. This isn't a one-off result. Revenue growth has been trending downward since 2012. Then, in the 4th quarter of 2015, revenue growth hit negative territory, meaning that sales actually began to shrink. Since 2013, Whole Foods's stock price has fallen by almost 50%.