Whole Foods Market Inc, which has agreed to be bought by Amazon.com Inc for $13.7 billion, on Wednesday reported a quarterly profit decline after same-store sales fell for the eighth quarter in a row. Shares in the upscale grocer, which released the financial report more than two hours earlier than expected, were largely unchanged at $41.80 in midday trading. Net income fell to $106 million, or 33 cents per share, from $120 million, or 37 cents per share, a year earlier. The Austin, Texas-based upscale grocer reported a 1.9 percent drop in same-store sales for the third ...
Whole Foods profits dip as same-store sales fall for 8th straight quarter
Whole Foods said it expects to close its deal with Amazon during the second half of this year