Whole Foods Profit Falls, Comps Rise 7%

AUSTIN, Texas — Whole Foods Market here yesterday said net income for the 12-week third quarter that ended July 1 fell about 9%, to $49.1 million, as pre-opening expenses doubled.

AUSTIN, Texas — Whole Foods Market here yesterday said net income for the 12-week third quarter that ended July 1 fell about 9%, to $49.1 million, as pre-opening expenses doubled. Comparable-store sales of 7% for the quarter helped drive overall sales gains of 13.2%, to $1.5 billion. For the 40-week, year-to-date period, net income fell 9.3%, to $148.8 million, on a 12.3% gain in sales, to $4.8 billion. Comps were up 6.7% year-to-date. Separately, at the federal antitrust hearing yesterday to

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