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Whole Foods is nervously eyeing rivals
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Nov 3, 2015
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Whole Foods is nervously eyeing rivals
You may not know it when you're hustling through your local Whole Foods store, but in terms of its stock price, the popular grocery chain isn't doing so well.
A shopper walks by organic products in a Whole Foods Market natural and organic food store, among the first to have USDA-certified organic products on October 21, 2002 in Tustin, California. New U.S. Department of Agriculture organic label standards went into effect today to standardize regulations for foods grown without synthetic pesticides or other chemicals. Whole Foods Market is the nation's largest organic food chain.
The Wholefoods grocery chain is still very profitable, but Wall Street analysts are worried about rival chains encroaching on their traditional turf.
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David McNew/Getty Images
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You may not know it when you're hustling through your local Whole Foods store, but in terms of its stock price, the popular grocery chain isn't doing so well.

You may not know it when you're hustling through your local Whole Foods store, but in terms of its stock price, the popular grocery chain isn't doing so well. 

It still has pretty healthy profits, but its shares are almost 50 percent lower than they were in February. 

Wall Street analysts are concerned about mainstream grocery chains like Costco and Walmart aggressively moving into their traditional domain, and recent bad press about overcharging.

The company's quarterly earnings report is out Wednesday, and the company's forecasting a small slowdown in growth to 6 percent, from 7 to 8 percent. 

Stephanie Strom, business reporter from the New York Times, laid out the company's woes to host A Martinez.

You can listen to the segment by clicking on the blue audio player above.