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4-Traders Homepage  >  Equities  >  Nasdaq  >  Whole Foods Market, Inc.    WFM

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Whole Foods Market : New York City to Require Calorie Counts on Prepared Food at Chain Stores

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05/18/2017 | 10:39pm CEST
By Mara Gay 

Supermarkets and large chain retailers in New York City will soon be required to post calorie counts for prepared foods under an expansion of the city health code.

The new rules, announced by Mayor Bill de Blasio's administration late Thursday, would apply to food retailers with at least 15 locations nationwide.

Beginning Monday, businesses like 7-Eleven and Whole Foods will be required to post calorie counts for standard menu items. They will also be required to make nutritional information about those meals available upon request.

"When we think about what's really killing New Yorkers before their time...is chronic diseases that are driven by poor nutrition," said Dr. Oxiris Barbot, first deputy commissioner with the Department of Health and Mental Hygiene, in a phone interview.

The expansion of the city's health code is the latest measure in a decade-long push to improve New Yorkers' health that began under former Mayor Michael Bloomberg and has continued under Mr. de Blasio.

The city began requiring calorie counts at chain restaurants in 2008. In late 2015, it began requiring them to post a symbol of a salt shaker on the menu beside items that contain at least 2,300 milligrams of sodium.

New York adopted the newest rules in 2015, but hasn't implemented them until now because of a delay in the adoption of similar rules under consideration at the U.S. Food and Drug Administration. On Thursday, city officials said they would move forward anyway.

"Every day that we delay is denying New Yorkers something that could improve their health," Dr. Barbot said.

Jay Peltz, general counsel and vice president of government relations at the Food Industry Alliance, said the group opposes the expansion. Mr. Peltz said the grocery retailers he represents were particularly concerned that they would expend resources to comply with city rules that could then be made invalid with a change in the federal rules. And he questioned whether New York City had the jurisdiction to regulate grocery stores.

Write to Mara Gay at mara.gay@wsj.com

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Financials ($)
Sales 2017 15 957 M
EBIT 2017 732 M
Net income 2017 399 M
Debt 2017 603 M
Yield 2017 1,51%
P/E ratio 2017 34,97
P/E ratio 2018 29,54
EV / Sales 2017 0,88x
EV / Sales 2018 0,86x
Capitalization 13 371 M
Chart WHOLE FOODS MARKET, INC.
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Whole Foods Market, Inc. Technical Analysis Chart | WFM | US9668371068 | 4-Traders
Technical analysis trends WHOLE FOODS MARKET, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 40,6 $
Spread / Average Target -2,8%
EPS Revisions
Managers
NameTitle
John P. Mackey Chief Executive Officer & Director
A. C. Gallo President & Chief Operating Officer
Gabrielle Sulzberger Chairman
Keith Manbeck Chief Financial Officer & Executive Vice President
Jason J. Buechel Chief Information Officer & Executive VP
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