WHOLE FOODS MARKET, COMPETITORS STEP UP CONVERGENCE

A strange thing happened to Whole Foods Market last week. It posted what by almost any lights should be considered stellar financial results and its stock value dropped to a 52-week low.What gives? To find out, let's first review Whole Foods' results, which are also detailed in a news article on Page 1. For its quarter that ended July 2, Whole Foods earned $53.9 million, or 37 cents a share, against

A strange thing happened to Whole Foods Market last week. It posted what by almost any lights should be considered stellar financial results and its stock value dropped to a 52-week low.

What gives? To find out, let's first review Whole Foods' results, which are also detailed in a news article on Page 1. For its quarter that ended July 2, Whole Foods earned $53.9 million, or 37 cents a share, against $40.4 million, or 29 cents, during the like period a year earlier. That's a 34% incre

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TAGS: Walmart