On analyst says the natural food chain quotwill have to be restructured unless comps turn positivequot Spencer Platt/Staff/Getty Images News

On analyst says the natural food chain "will have to be restructured unless comps turn positive."

How bad can it get for Whole Foods?

This article is part of a series covering SN's annual Financial Analysts Roundtable, which on Sept. 19 brought together a prestigious group of industry experts to discuss the financial state of the food retailing industry. Click here to read the entire Roundtable transcript.

When it comes to Whole Foods Market’s legacy business, these days it seems to be all bad news.

Profit and comparable store sales have fallen as conventional retailers like Kroger and Costco have dramatically expanded natural and organic product offerings, obviating the need for shoppers to visit a specialty store like Whole Foods. In July, Whole Foods announced year-to-date net incom

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