It's Thursday August 1st. Welcome to Market Poolery. I'm Chris Hill joining

meeting studio today from fool.com David Hanson and Matt Kopenhepper.

Gentlemenhep, happy Thursday.

Happy Thursday. Thursday, Chris? We will wrap up the week with more of Earnings Palusa.

We'll talk groceries, we'll talk gold, we'll talk housing.

We got a lot going on, so let's jump right in with groceries whole foods

third quarter profit was up 21% but David overall revenue was on the light side

shares taking a little bit of a hit down a couple of percent.

What did you make of the quarter?

What really leaped out at you?

Well, first off on the shares, I think they were down a little bit early, traded

back up, maybe just up a percent or so. Whole Foods is usually pretty

volatile around earnings. I went back and looked at the last four earnings

release of the head. The stock movements afterwards were up 11 percent, the next quarter down 6% next quarter down 6% next quarter down 10% next quarter up 10%

so on the whole this is a pretty quiet quarter for whole foods and it's just more of the same

same store sales up over 7% that's pretty impressive I mean it is pretty impressive I saw

a couple of reports that that couched that because as a shareholder of Whole Foods I thought, well that's great, but it was couched in the media as and that was in line with expectations and I thought boy

that's that's a tough bar to clear I mean this is a mature business and I don't know

seven and a half comps just seems I and and which leads me to the valuation of the stock is the valuation of the

stock is the valuation of this stock such that hey look to to justify

trading where it is, then yeah they better deliver seven, eight percent

comps every quarter.

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