Whole Foods Lowers Same-Store Sales Forecast Rivals Expan
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Whole Foods Market Inc. lowered the top end of its annual same-store sales forecast as competitors move into the natural-foods business.
The chain posted fiscal third-quarter revenue that trailed analysts’ estimates and said same-store sales growth this period has slowed to 5.8 percent. Whole Foods now sees annual growth of as much as 7.3 percent, slightly below a previous forecast.