Whole Foods Tumbles After Sales Miss
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AP/Danny Johnston
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The organic grocer report same-store sales grew 3.9% in the quarter, less than the 4.8% that was expected by analysts.
Whole Foods reported bottom lines results that beat expectations, earnings $0.41 per share against expectations for $0.39. Revenue totaled $3.4 billion, which was in-line with expectations.
Shares of Whole Foods were down as much as 8% after the report.
More to come ...
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