Whole Foods Finally Hits the Brakes

Wall Street reacted with some dismay last week at the decelerating fortunes of Whole Foods Market here, which reported the lowest comparable-store sales number in its 28-year history a 2.6% gain for the third quarter that ended July 6. The stock price fell 18% after the results were announced, and industry analysts said sales and declining earnings could take a while to recover. The

AUSTIN, Texas β€” Wall Street reacted with some dismay last week at the decelerating fortunes of Whole Foods Market here, which reported the lowest comparable-store sales number in its 28-year history β€” a 2.6% gain for the third quarter that ended July 6.

The stock price fell 18% after the results were announced, and industry analysts said sales and declining earnings could take a while to recover.

β€œThe company's near-term growth prospects have decreased,” Meredith Adler,

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