Whole Foods Profit Rises 20% as Store Sales Improve
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Whole Foods Market Inc., the largest natural-goods grocer in the U.S., boosted its forecast for earnings this year after sales at established locations increased and second-quarter profit climbed 20 percent.
Net income rose to about $142 million, or 76 cents a share, from $118 million, or 64 cents, a year earlier, the Austin, Texas-based company said yesterday in a statement. Analysts projected 73 cents a share, the average of 24 estimates compiled by Bloomberg. The retailer also said it will split its shares two-for-one.