NEW YORK (TheStreet) -- Whole Foods Market (WFM)  shares are plunging 5.65% to $29.04 on Thursday morning after the retailer of natural and organic foods reported its fourth quarter fiscal 2015 results after yesterday's market close.

For the latest quarter ended September 27, the company earned 16 cents a share on revenue of $3.44 billion.

Analysts had projected the company to earn 48 cents a share on revenue of $4.96 billion. 

In the same period the year prior, the company earned 35 cents a share on revenue of $3.26 billion. 

Overall, sales at established stores dropped 2% year-over-year while total sales grew 6%. Along with the earnings release, the company's board also approved a $1 billion share repurchase program and a 4% rise in quarterly dividend.

TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio, commented on Whole Foods Market earnings saying: "When I interviewed co-CEO Walter Robb last night, he was abject that they need to do better. They are going to buy back a billion dollars in stock however, I wish they would use that money to reinvest in their stores and really ramp up their new 365 value store initiative trial works."

Looking ahead, the company said that it expects revenue to increase 3% to 5% for fiscal 2016.

Commenting on the overall earnings results, Robb added, "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."

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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