Reuters logo
Whole Foods quarterly profit rises; same-store sales growth slowing
July 31, 2013 / 8:23 PM / in 4 years

Whole Foods quarterly profit rises; same-store sales growth slowing

July 31 (Reuters) - Whole Foods Market Inc on Wednesday reported a third-quarter profit that beat Wall Street’s view, but the company said the growth rate for closely watched same-store sales has slowed so far in the current quarter, and its shares slipped 1.2 percent in extended trading.

Same-store sales, a key gauge of performance for retailers, jumped 7.5 percent for the quarter that ended July 7.

So far in the fiscal fourth quarter, same-store sales are up 5.8 percent.

Austin, Texas-based Whole Foods, the largest U.S. natural and organic grocery chain, said third-quarter net income increased 21 percent to $142 million, or 38 cents per share - a penny better than the average estimate compiled by Thomson Reuters I/B/E/S.

Whole Foods shares were down 66 cents to $54.94 in extended trading. (Reporting by Lisa Baertlein in Los Angeles; Editing by Leslie Adler)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below