Whole Foods is the S&P’s biggest loser in May

2014-06-02T20:18:18-07:00June 2nd, 2014|Categories: Sustainable Investing|Tags: , |

Whole Foods Market Inc. lost 23% of its value this month, making it the worst-performing stock in the S&P 500. The stock is near its lowest level in more than two years after the Austin-based company on May 6 reported disappointing fiscal second-quarter profit and sales and cut its full-year outlook for a third straight quarter. Same-store sales rose 4.5%, the smallest increase in at least 13 quarters and missed the consensus estimate of a 5.2% gain. The stock: Whole Foods shares plunged 19% [...]