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Price check on Whole Foods Market

Published 09/13/2018, 02:13 PM
Updated 09/13/2018, 02:13 PM
© Reuters.  Price check on Whole Foods Market
  • A detailed study indicates that pricing at Whole Foods is on average only about 0.8% lower than when Amazon (AMZN) acquired the company about 14 months ago.
  • Research firm Gordon Haskett compared a basket of the same 108 products to find only a 0.8% decline in prices at Whole Foods under Amazon's ownership.
  • When compared to the "splashy" price cut period right after Amazon closed on the Whole Foods deal, prices actually rose 1.3% over the last year.
  • The grocery store sector is having a rough day after Kroger (KR -9.9%) posted a disappointing guidance update earlier. Ingles Markets (IMKTA -4.6%), Weis Markets (WMK -3.2%), Sprouts Farmers Market (SFM -1.4%) and Smart & Final Stores (SFS -2.2%) are all lower on the day.
  • Previously: Kroger falls hard after guidance disappoints (Sept. 13)
  • Now read: Should You Be Buying Amazon?


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