NEW YORK (TheStreet) -- Whole Foods Market (WFM) stock is decreasing 5.07% to $29.20 in after-hours trading on Wednesday after the company reported lower than expected financial results for the fiscal 2015 fourth quarter and full year.

The specialty food grocery chain reported earnings of 16 cents per share for the quarter ended September 27, missing estimates of 35 cents per share.

Revenue increased 6% year-over-year to $3.44 billion, but fell short of estimates of $3.47 billion.

The company posted earnings of $1.48 per share on revenue of $15.39 billion for the full year, missing estimates of earnings of $1.67 per share on $15.42 billion in revenue.

Same store sales for the latest quarter were down 0.2%, but rose 2.5% for the full year.

"We recognize the need to move faster and go deeper to rebuild traffic and sales and create a solid foundation for long-term profitable growth and are taking the necessary steps to better communicate our differentiation, improve our value perception, and fundamentally evolve our business," Co-CEO Walter Robb said in a statement.

For fiscal 2016, Whole Foods Market expects sales to grow 3% to 5% as it plans to open 30 new stores, including three 365 locations, the company's new value grocery store.

Additionally, the company's board approved a $1 billion share repurchase program and a 4% increase in quarterly dividend.

Separately, TheStreet Ratings team rates WHOLE FOODS MARKET INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate WHOLE FOODS MARKET INC (WFM) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity.

You can view the full analysis from the report here: WFM

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.