WHOLE FOODS LOWERS SALES EXPECTATIONS

AUSTIN, Texas -- Whole Foods Market here said last week that lower-than-expected comparable-store sales, coupled with higher-than-expected utilities costs, combined to push earnings per share for the first quarter 4 cents below expectations.The company noted that comps had been running at 8.6% for the initial 11 weeks of the 16-week first quarter, ended Jan. 14, but plunged to an average of 4.2% for

AUSTIN, Texas -- Whole Foods Market here said last week that lower-than-expected comparable-store sales, coupled with higher-than-expected utilities costs, combined to push earnings per share for the first quarter 4 cents below expectations.

Register to view the full article