Merger-Related Costs Depress Wild Oats’ Earnings

Wild Oats Markets said costs related to its pending sale to Whole Foods Market resulted in a large earnings decline for the second quarter and first half that ended June 30, though sales were strong.

BOULDER, Colo. — Wild Oats Markets here said costs related to its pending sale to Whole Foods Market resulted in a large earnings decline for the second quarter and first half that ended June 30, though sales were strong. The company agreed in February to be acquired by Austin, Texas-based Whole Foods, but the Federal Trade Commission filed suit to block the transaction on antitrust grounds; a decision by a federal court judge is pending. Net income for the quarter fell 97.4% to $127,000 — re

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