Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (12509)	8/4/1998 5:14:00 PM
From: Bucky Katt	Read Replies (1) of 120523

Jenna--WFMI reported flat gross earnings. >>Whole Foods' (WFMI) flat gross margins, which is the difference between sales and the cost of goods, concerned analysts on a conference call Tuesday afternoon. Whole Foods said the main gross margins problems came from its Amrion division and everyone's favorite reason: El Nino. Rains from El Nino hurt crops during the year, increasing produce costs, said Chief Executive John Mackey. Produce is a large part of the company's business, he said. "We're not able to pass all of our expenses on to our customers," Mackey said. The company's Amrion division sells nutritional supplements and did promotional mass mailings during the quarter. Customers have yet to respond to the mailings, but the company said it sees a "very strong fourth quarter" for Amrion. Glad I was stopped out. This is going to be a mess.

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