Growth Pains for Whole Foods

Shares slumped Thursday after the retailer announced that a sharp rise in store opening costs hurt its bottom line

Spreading the organic gospel is getting costlier for Whole Foods Markets (WFMI). The No. 1 natural and organic foods retailer announced lower quarterly earnings after the close of trading on May 9, with results hurt by a rise in pre-opening costs from the chain's stepped up new store growth program. The news sent the shares sharply lower on May 10.

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