Whole Foods Market Inc (WFM.O) Key Developments | Reuters.com
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Whole Foods Market Inc (WFM.O)

WFM.O on Nasdaq

27 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Whole Foods Market Inc pays $500,000 for overcharging customers - Independent
Tuesday, 29 Dec 2015 09:08pm EST 

Whole Foods Market Inc:Whole Foods has truly earned its nickname of "whole paycheck" as the luxury foodstore chain has been ordered to pay a fine of $500,000 to bring to an end an investigation into claims that it overcharged customers for prepackaged foods - Independent.The news comes after months of negotiations with the New York Department of Consumer Affairs (DCA), who said it had found thousands of potential violations across food items like vegetable platters and chicken in New York City stores - Independent.The DCA found that more than three-quarters of the120 supermarkets had fallen foul of its guidelines. - Independent.Whole Foods refused to consider the DCA's initial demands of $1.5 million, and agreed to settle at $500,000 - Independent.  Full Article

Whole Foods Market, Inc prices $1 bln senior notes offering
Monday, 30 Nov 2015 04:05pm EST 

Whole Foods Market, Inc:Prices $1.0 billion senior notes offering.Says pricing of an issuance of $1.0 billion of 5.20% senior notes due 2025.  Full Article

Whole Foods Market announces new $1 billion share repurchase program; Dividend Increase
Wednesday, 4 Nov 2015 04:06pm EST 

Whole Foods Market Inc:Authorized a new $1 billion share repurchase program, bringing the Company's total share repurchase authorization to $1.3 billion.Declared a 4% increase in the quarterly dividend to $0.135 per share from $0.13 per share.Next dividend is payable on January 26, 2016 to shareholders of record as of January 15, 2016.  Full Article

Whole Foods Market Inc gives FY 2016 revenue guidance
Wednesday, 4 Nov 2015 04:05pm EST 

Whole Foods Market Inc:Sees FY 2016 sales growth of 3% to 5%.FY 2016 revenue of $16.55 billion - Thomson Reuters I/B/E/S.  Full Article

Whole Foods Market Inc to cut about 1,500 jobs - Reuters
Tuesday, 29 Sep 2015 08:00pm EDT 

Whole Foods Market Inc:Whole Foods Market Inc said it would cut about 1,500 jobs, or about 1.6 percent of its workforce as it works to bring down costs - Reuters.The magnitude of the job cuts, which will happen over the next eight weeks, are unprecedented at Whole Foods and come as the company invests in technology upgrades and tries to shed its reputation for high prices - Reuters.  Full Article

Whole Foods Market Inc overpricing led to securities fraud -U.S. lawsuit - Reuters
Thursday, 6 Aug 2015 08:00pm EDT 

Whole Foods Market Inc:Says A Whole Foods Market Inc shareholder has accused the grocer in a lawsuit of committing securities fraud by concealing its overcharging of New York City customers, leading to bad publicity that hurt sales and drove its share price down - Reuters.Says In a complaint filed on Aug.6, in federal court in Austin, Texas, the plaintiff Yochanan Markman said Whole Foods knew or recklessly disregarded that it routinely overstated the weight of pre-packaged products, causing the overcharging.  Full Article

Whole Foods Market Inc updates FY 2015 revenue and comparable store sales guidance; gives Q4 2015 revenue and EPS guidance
Wednesday, 29 Jul 2015 04:04pm EDT 

Whole Foods Market Inc:Expects FY 2015 sales growth of about 9%.Expects FY 2015 Comparable store sales growth in the low single digits.Reported revenue of $14.194 billion in FY 2014.Expects Q4 2015 sales growth of about 7% and diluted earnings per share of $0.34 to $0.35.FY 2015 revenue of $15.746 billion - Thomson Reuters I/B/E/S.  Full Article

Whole Foods Market Inc southwest region recalls Cherry, Blackberry and Peach Pies in Four Stores - FDA
Wednesday, 1 Jul 2015 08:00pm EDT 

Whole Foods Market Inc:Says recalling Cherry, Blackberry and Peach pies produced and sold in four retail stores in the Southwest Region, which includes TX, OK, LA, and due to undeclared egg - Food and Drug Administration.The product was sold in whole pies, half pies and slices, packaged in boxes and clear plastic containers, with PLUs: 22203700000, 24919900000, 24901100000, 24912200000, 22197400000, 22202000000, 24189800000, 24189900000, 24190200000 with best by dates of 6/26/15 to 7/3/15.No allergic reactions or illnesses have been reported to date.The pies, half pies and slices may contain egg as an ingredient, which was not declared on the label.  Full Article

Whole Foods Market Inc voluntarily recalls packaged raw Macadamia Nuts - FDA
Wednesday, 24 Jun 2015 08:00pm EDT 

Whole Foods Market Inc:Says voluntarily recalling packaged raw macadamia nuts due to possible Salmonella contamination - FDA.The product was labeled as 'Whole Foods Market Raw Macadamia Nuts' and was packaged in 11 oz. plastic tubs.The recalled product has best-by dates of March 19, 2016 through June 21, 2016 and a UPC code of 0-76958-62059-1.No illnesses have been reported to-date.  Full Article

Whole Foods Market declares dividend of $0.13 per share
Wednesday, 10 Jun 2015 08:04am EDT 

Whole Foods Market Inc:Says declared a dividend of $0.13 per share, payable July 14 to shareholders of record at close of business on July 2.  Full Article


U.S. food regulators warn Whole Foods on Massachusetts plant

LOS ANGELES U.S. food safety regulators have warned Whole Foods Market Inc that inspections at the grocer's Everett, Massachusetts, plant turned up violations that could result in food being "contaminated with filth or rendered injurious to health."