Whole Foods cuts 2014 forecasts again as competition intensifies
date:May 07, 2014
th a year earlier.

Whole Foods' new 2014 forecasts call for earnings per share in the range of $1.52 to $1.56, down from $1.58 to $1.65 previously, and same-store sales growth of 5 to 5.5 percent, down from 5.5 to 6.2 percent previously.

The same-store sales outlook is below the 8 percent growth rate Whole Foods investors have grown accustomed to, making it a Wall Street favorite and the envy of grocers worldwide.

Shares in Whole Foods fell 14.6 percent in extended trading to $40.96. Shares i
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