August 4, 2015 (Shareholders Foundation) - An investigation was launched for investors of Whole Foods Market, Inc. (NASDAQ:WFM) shares over potential securities laws violations by Whole Foods Market and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Whole Foods Market, Inc. (NASDAQ:WFM) concerning whether a series of statements by Whole Foods Market regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Whole Foods Market, Inc. reported that its Total Revenue rose from over $10.1 billion for the 52 weeks period that ended on September 25, 2011 to over $14.19 billion for the 52 weeks period that ended on September 28, 2014 and that its respective Net Income increased from $342.61 million to $579 million.

Shares of Whole Foods Market, Inc. (NASDAQ:WFM) grew from $36.70 per share in October 2014 to as high as $56.71 per share in February 2015.

Since February 2015 NASDAQ:WFM shares lost significant value.


On July 29, 2015, Whole Foods Market, Inc reported its third quarter results.

According to the investigation Whole Foods Market, Inc attributed the sharp decrease in sales growth in the last two weeks of the quarter to bad publicity over its overcharging of customers in New York City.

Sahres of Whole Foods Market, Inc. (NASDAQ:WFM) declined to as low as $35.21 per share on July 31, 2015.