Whole Foods’ Comps Dip as Net Income, Sales Rise in Q3

Whole Foods Market said net income and sales rose for the third quarter, which ended July 5, while net income fell on higher sales for the year to date. Comparable-store store sales declined for both periods.

AUSTIN, Texas — Whole Foods Market here said net income and sales rose for the third quarter, which ended July 5, while net income fell on higher sales for the year to date. Comparable-store store sales declined for both periods.

Net income for the 12-week quarter rose 26.2% to $42.8 million, while sales rose 2% to $1.9 billion and comps fell 2.5%; for the 40-week period net income fell 2.3% to $110.4 million, while sales rose 1% to $6.2 billion and comps dropped 3.8%.

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