Nov 6 Whole Foods Market Inc on
Wednesday reported same-store sales that decelerated in the
fourth quarter and the grocer lowered its sales forecast for
fiscal 2014, sending shares down 8.7 percent in after hours
Same-store sales, a key gauge of performance for retailers,
rose 5.9 percent for the fiscal fourth quarter ended Sept. 29,
the slowest pace of the year. In the current quarter, those
sales are up 5.8 percent so far.
Austin, Texas-based Whole Foods, the largest U.S. natural
and organic grocery chain, lowered its same-store sales growth
for fiscal 2014 by 1 percentage point on both ends of the range
to a rise 5.5 percent to 7 percent.