Boston, MA 04/30/2014 (wallstreetpr) – With the organic food market is growing at an amazing rate, the competition for Whole Foods Market, Inc. (NASDAQ:WFM) is increasing day by day. In the USA alone, 80% of the total population used organic food in year 2012. The market has immense opportunities for the organic food retailers; this is the main reason you can see a new organic food store every now and then.
In a recently published report, it was clearly shown that the stock price of Whole Foods Market is little more than the normal price. It was not a problem some time back, but today as the market is full of such retail stores which focus mainly upon organic food, this price can be little too much.
Experts say that there is a need of price revision by WFM. The reason which market experts suggest revolves around Wal-Mart Stores, Inc.(NYSE:WMT). In a recently made announcement, the company cleared that company will counter the increased market competition with its improved business model, and the thing which will be given top priority in this market is organic food. Company has stated that it will try to give preference to organic food because of its increased market demand.
Whole Foods Market, Inc. (NASDAQ:WFM) has retained the top notched place in the organic food market for a long time, but due to increased market awareness and stiff competition there are some eventual effects that the company will have to face. As the CAGR of organic food is going to be 14% through next four years, any step taken by the company will be noticed very closely.
As per the industry experts the EPS of company 10.2% higher than the last year’s prices. With the increased market competition, this is well beyond than expectations. To continue as a market leader for a long period, Whole Foods Market, Inc. (NASDAQ:WFM) will have to decrease its stock prices.