Recent News
On October 29, 2025 several analyst price targets moved higher, raising the average one‑year target to roughly $41.56 per share. On October 1, 2025 analysts commented that the company contained earlier IT disruptions and that the operational impact had largely faded, while noting lingering challenges. In November 2025 the company completed closures of multiple Shoppers locations as part of a retail footprint adjustment.
Technical Analysis
ADX at 26.46 signals a strong directional strength supporting the near-term directional bias; that strength increases the relevance of short-term momentum signals when assessing price movement relative to the current valuation.
DI+ displays a dip & reversal while DI- shows a peak & reversal; both patterns qualify as bullish under the directional rules, implying buyers recently regained control despite DI- remaining above DI+ numerically, which suggests momentum improvement without a clear dominance shift yet.
MACD shows a dip & reversal (MACD at -1.08, signal at -0.97) indicating bullish momentum building; the MACD sits below the signal line today, so momentum appears to be re-accelerating but has not completed a bullish crossover that would confirm a stronger momentum change.
MRO registers -6.68 with a dip & reversal, indicating price below modeled target and therefore potential upward pressure as mean-reversion mechanisms interact with the improving momentum signals.
RSI at 47.85 with a decreasing trend places momentum near neutral and reduces the probability of an immediate overshoot; RSI behavior supports a measured appreciation scenario tied to improving operational execution rather than a sharp breakout.
Price sits at $32.97, below the price‑target mean of $36.86 and between the 20‑day average ($33.51) and the 50‑day average ($37.26); the 12‑day EMA trend declines, which tempers near-term strength but leaves room for a steady retrace toward the mean target if momentum continues to rebuild.
Fundamental Analysis
Revenue totaled $7,696,000,000 with YoY revenue growth at -1.51% and QoQ growth at +2.71%, indicating slight top‑line contraction year-over-year but sequential recovery. Gross profit measures $1,030,000,000 and gross margin reads 13.38%, down 2.20% YoY and effectively below the industry peer mean gross margin of 14.92% (industry peer mean provided), supporting the characterization of tight merchandising economics.
Operating income registers $-16,000,000 and operating margin equals -0.21% with QoQ change -1.88% and YoY change +2.41%, showing operating losses that improved year-over-year but remain negative. EBIT equals $-77,000,000 and EBIT margin measures -1.00%; QoQ change on EBIT margin sits at -5.24% while YoY change equals +15.41%, illustrating margin recovery versus the prior year but continued negative operating profitability relative to the industry peer mean EBIT margin of 2.25%.
Net income records a loss of $-87,000,000 and EPS actual equals $-0.11 versus an estimate of $-0.18, producing an EPS surprise of 38.89%. Forward EPS stands at $0.26, producing a forward P/E near 99.31x; that forward multiple contrasts sharply with the current trailing P/E shown as -253.69 due to negative trailing earnings.
Balance sheet and liquidity metrics show total assets of $7,595,000,000 and total equity of $1,551,000,000. Debt-to-equity registers 222.50% and debt-to-assets reads 45.44%, reflecting elevated leverage. Current ratio measures 1.32 and quick ratio 0.51; both declined QoQ modestly and sit slightly below the industry peer mean current ratio of 1.46, indicating tighter working-capital coverage versus the peer mean.
Cash flow demonstrates operating cash flow of $160,000,000 and free cash flow of $86,000,000, producing a free cash flow yield of 5.09%, which exceeds the industry peer mean free cash flow yield of 0.46% and supports WMDST’s under-valued determination from a cash-generation perspective despite profit losses. Free cash flow used YoY declined by -161.76% in growth terms, underscoring recent volatility in cash conversion efficiency.
Valuation markers reveal price-to-book at 1.09x, below the industry peer mean price-to-book of 3.53x, supporting a relative book-value discount. Enterprise multiple sits at 2,548.57 versus an industry peer mean of 54.62; the enterprise multiple reflects negative operating earnings and should factor into multi‑metric valuation discussions without overstating any single measure. WMDST values the stock as under-valued based on the combination of stronger free cash flow yield and depressed price-to-book versus peer reference levels.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-07-31 |
| REPORT DATE: | 2025-09-30 |
| NEXT REPORT DATE: | 2025-12-30 |
| CASH FLOW | Begin Period Cash Flow | $ 52.0 M |
| Operating Cash Flow | $ 160.0 M | |
| Capital Expenditures | $ -74.00 M | |
| Change In Working Capital | $ 212.0 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -8.00 M | |
| End Period Cash Flow | $ 44.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 7.7 B | |
| Forward Revenue | $ -348.24 M | |
| COSTS | ||
| Cost Of Revenue | $ 6.7 B | |
| Depreciation | $ 79.0 M | |
| Depreciation and Amortization | $ 79.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 7.7 B | |
| PROFITABILITY | ||
| Gross Profit | $ 1.0 B | |
| EBITDA | $ 2.0 M | |
| EBIT | $ -77.00 M | |
| Operating Income | $ -16.00 M | |
| Interest Income | $ 1.0 M | |
| Interest Expense | $ 32.0 M | |
| Net Interest Income | $ -32.00 M | |
| Income Before Tax | $ -109.00 M | |
| Tax Provision | $ -23.00 M | |
| Tax Rate | 21.101 % | |
| Net Income | $ -87.00 M | |
| Net Income From Continuing Operations | $ -86.00 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.18 | |
| EPS Actual | $ -0.11 | |
| EPS Difference | $ 0.07 | |
| EPS Surprise | 38.889 % | |
| Forward EPS | $ 0.26 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 7.6 B | |
| Intangible Assets | $ 595.0 M | |
| Net Tangible Assets | $ 956.0 M | |
| Total Current Assets | $ 3.4 B | |
| Cash and Short-Term Investments | $ 44.0 M | |
| Cash | $ 44.0 M | |
| Net Receivables | $ 1.0 B | |
| Inventory | $ 2.1 B | |
| Long-Term Investments | $ 192.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 1.9 B | |
| Short-Term Debt | $ 8.0 M | |
| Total Current Liabilities | $ 2.6 B | |
| Net Debt | $ 1.8 B | |
| Total Debt | $ 3.5 B | |
| Total Liabilities | $ 6.0 B | |
| EQUITY | ||
| Total Equity | $ 1.6 B | |
| Retained Earnings | $ 1.0 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 25.61 | |
| Shares Outstanding | 60.566 M | |
| Revenue Per-Share | $ 127.07 | |
| VALUATION | Market Capitalization | $ 1.7 B |
| Enterprise Value | $ 5.1 B | |
| Enterprise Multiple | 2548.565 | |
| Enterprise Multiple QoQ | 4782.644 % | |
| Enterprise Multiple YoY | 26039.29 % | |
| Enterprise Multiple IPRWA | UNFI: 2548.565 high: 56.977 median: 55.457 mean: 54.62 low: 30.677 |
|
| EV/R | 0.662 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 4.897 | |
| Asset To Liability | 1.257 | |
| Debt To Capital | 0.69 | |
| Debt To Assets | 0.454 | |
| Debt To Assets QoQ | -3.377 % | |
| Debt To Assets YoY | 31021.918 % | |
| Debt To Assets IPRWA | high: 0.498 UNFI: 0.454 mean: 0.402 median: 0.364 low: 0.142 |
|
| Debt To Equity | 2.225 | |
| Debt To Equity QoQ | 0.94 % | |
| Debt To Equity YoY | 33109.254 % | |
| Debt To Equity IPRWA | UNFI: 2.225 high: 1.815 mean: 1.42 median: 1.144 low: 0.232 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.09 | |
| Price To Book QoQ | 4.801 % | |
| Price To Book YoY | 106.133 % | |
| Price To Book IPRWA | high: 6.267 median: 3.83 mean: 3.527 UNFI: 1.09 low: 0.608 |
|
| Price To Earnings (P/E) | -253.689 | |
| Price To Earnings QoQ | -500.343 % | |
| Price To Earnings YoY | -117.4 % | |
| Price To Earnings IPRWA | high: 120.832 mean: 78.628 median: 71.246 low: 34.295 UNFI: -253.689 |
|
| PE/G Ratio | 2.03 | |
| Price To Sales (P/S) | 0.22 | |
| Price To Sales QoQ | 4.746 % | |
| Price To Sales YoY | 106.439 % | |
| Price To Sales IPRWA | high: 2.406 median: 1.68 mean: 1.376 UNFI: 0.22 low: 0.1 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 99.314 | |
| Forward PE/G | -0.795 | |
| Forward P/S | -4.853 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 112.174 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 1.012 | |
| Asset Turnover Ratio QoQ | -3.651 % | |
| Asset Turnover Ratio YoY | -6.243 % | |
| Asset Turnover Ratio IPRWA | UNFI: 1.012 high: 0.943 mean: 0.799 median: 0.732 low: 0.355 |
|
| Receivables Turnover | 7.758 | |
| Receivables Turnover Ratio QoQ | -6.911 % | |
| Receivables Turnover Ratio YoY | -11.669 % | |
| Receivables Turnover Ratio IPRWA | high: 9.817 UNFI: 7.758 mean: 5.096 median: 4.744 low: 2.925 |
|
| Inventory Turnover | 3.111 | |
| Inventory Turnover Ratio QoQ | -1.515 % | |
| Inventory Turnover Ratio YoY | -2.537 % | |
| Inventory Turnover Ratio IPRWA | high: 5.162 mean: 4.176 median: 3.628 UNFI: 3.111 low: 1.953 |
|
| Days Sales Outstanding (DSO) | 11.762 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 15.934 | |
| Cash Conversion Cycle Days QoQ | -3.988 % | |
| Cash Conversion Cycle Days YoY | -10.263 % | |
| Cash Conversion Cycle Days IPRWA | high: 45.603 median: 20.544 mean: 17.413 UNFI: 15.934 low: 8.471 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 9.374 | |
| CapEx To Revenue | -0.01 | |
| CapEx To Depreciation | -0.937 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 3.4 B | |
| Net Invested Capital | $ 3.4 B | |
| Invested Capital | $ 3.4 B | |
| Net Tangible Assets | $ 956.0 M | |
| Net Working Capital | $ 821.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.017 | |
| Current Ratio | 1.316 | |
| Current Ratio QoQ | -6.806 % | |
| Current Ratio YoY | -8.547 % | |
| Current Ratio IPRWA | high: 2.142 median: 1.671 mean: 1.465 UNFI: 1.316 low: 1.147 |
|
| Quick Ratio | 0.51 | |
| Quick Ratio QoQ | -0.061 % | |
| Quick Ratio YoY | -1.303 % | |
| Quick Ratio IPRWA | high: 1.682 mean: 0.751 median: 0.701 UNFI: 0.51 low: 0.416 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 1725.5 | |
| Cost Of Debt | 0.757 % | |
| Interest Coverage Ratio | -2.406 | |
| Interest Coverage Ratio QoQ | -543.254 % | |
| Interest Coverage Ratio YoY | 1776.804 % | |
| Interest Coverage Ratio IPRWA | high: 9.25 median: 3.696 mean: 3.166 low: 0.444 UNFI: -2.406 |
|
| Operating Cash Flow Ratio | 0.048 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 23.856 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.289 % | |
| Revenue Growth | -4.504 % | |
| Revenue Growth QoQ | 271.005 % | |
| Revenue Growth YoY | -151.404 % | |
| Revenue Growth IPRWA | high: 6.903 % median: 0.809 % mean: 0.06 % UNFI: -4.504 % low: -14.61 % |
|
| Earnings Growth | -125.0 % | |
| Earnings Growth QoQ | -225.0 % | |
| Earnings Growth YoY | 38.889 % | |
| Earnings Growth IPRWA | high: 250.0 % mean: 24.357 % median: 2.041 % low: -33.333 % UNFI: -125.0 % |
|
| MARGINS | ||
| Gross Margin | 13.384 % | |
| Gross Margin QoQ | -0.313 % | |
| Gross Margin YoY | -2.199 % | |
| Gross Margin IPRWA | high: 38.289 % median: 17.201 % mean: 14.921 % UNFI: 13.384 % low: 6.381 % |
|
| EBIT Margin | -1.001 % | |
| EBIT Margin QoQ | -524.153 % | |
| EBIT Margin YoY | 1540.984 % | |
| EBIT Margin IPRWA | high: 6.206 % median: 2.767 % mean: 2.246 % low: 0.426 % UNFI: -1.001 % |
|
| Return On Sales (ROS) | -0.208 % | |
| Return On Sales QoQ | -188.136 % | |
| Return On Sales YoY | 240.984 % | |
| Return On Sales IPRWA | high: 8.197 % median: 2.895 % mean: 2.25 % low: -0.063 % UNFI: -0.208 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 86.0 M | |
| Free Cash Flow Yield | 5.088 % | |
| Free Cash Flow Yield QoQ | -27.758 % | |
| Free Cash Flow Yield YoY | -37.83 % | |
| Free Cash Flow Yield IPRWA | high: 11.739 % UNFI: 5.088 % median: 1.378 % mean: 0.458 % low: -6.368 % |
|
| Free Cash Growth | -27.731 % | |
| Free Cash Growth QoQ | -27.675 % | |
| Free Cash Growth YoY | -161.764 % | |
| Free Cash Growth IPRWA | high: -8.171 % UNFI: -27.731 % mean: -131.379 % median: -190.4 % low: -536.356 % |
|
| Free Cash To Net Income | -0.989 | |
| Cash Flow Margin | 1.611 % | |
| Cash Flow To Earnings | -1.425 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | -1.144 % | |
| Return On Assets QoQ | 1157.143 % | |
| Return On Assets YoY | 133.469 % | |
| Return On Assets IPRWA | high: 1.461 % median: 1.002 % mean: 0.833 % low: -0.188 % UNFI: -1.144 % |
|
| Return On Capital Employed (ROCE) | -1.542 % | |
| Return On Equity (ROE) | -0.056 | |
| Return On Equity QoQ | 1201.392 % | |
| Return On Equity YoY | 148.736 % | |
| Return On Equity IPRWA | high: 0.034 median: 0.033 mean: 0.027 low: -0.005 UNFI: -0.056 |
|
| DuPont ROE | -5.476 % | |
| Return On Invested Capital (ROIC) | -1.777 % | |
| Return On Invested Capital QoQ | -525.12 % | |
| Return On Invested Capital YoY | -112.257 % | |
| Return On Invested Capital IPRWA | high: 2.309 % median: 2.003 % mean: 1.935 % low: 0.248 % UNFI: -1.777 % |
|