Whole Foods lowers outlook after profit increase
February 12, 2014 at 16:47 PM EST
Whole Foods Market Inc. said its fiscal first-quarter earnings rose 8.2% as the high-end supermarket chain reported an increase in revenue amid rising same-store sales. However, the company’s shares fell in after-hours trading as Whole Foods lowered its guidance for the current fiscal year and as results slightly missed market expectations.