Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 41 | NO. 5 | Friday, February 3, 2017

Whole Foods' sales decline again, grocer cuts forecast

Print | Front Page | Email this story

NEW YORK (AP) — Whole Foods says quarterly sales fell 2.4 percent at established locations, marking the sixth straight quarter of declines as it faces competitive pressures. The company also cut its sales and profit forecast for the year.

The Austin, Texas-based company has said it is working on better distinguishing itself from rivals, while also appealing to a broader base of customers with lower prices. It is also cutting costs and launched an offshoot chain, 365 by Whole Foods, that focuses on lower costs and convenience.

For the quarter ended Jan. 15, the company earned $95 million, or 30 cents per share. Not including one-time items, it earned 39 cents per share, in line with expectations.

Total revenue was $4.92 billion. Analysts expected $4.98 billion.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0