AUSTIN, Texas (AP) - Whole Foods Market Inc. says sales surged in the second
quarter but integrating its Wild Oats acquisition caused profit to drop.
The organic- and natural-food retailer says net income in the quarter ended
April 13 fell 13 percent to $40 million, or 29 cents per share, from $46
million, or 32 cents per share last year. Whole Foods says the acquisition of
smaller rival Wild Oats cost it 6 cents per share.
Revenue rose 28 percent to $1.87 billion from $1.4 billion last year.
Analysts polled by Thomson Financial predicted a profit of 30 cents per
share on revenue of $1.89 billion.
Sales in stores open at least one year rose 6.7 percent.
For fiscal 2008, the company expects sales, excluding Wild Oats, to grow 15
to 20 percent.
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