Wednesday, July 27, 2016

Whole Foods struggles to get back on its feet

A little over a year after being accused of price-gouging, Whole Foods isn't back on its feet. Sales at the company's stores open a year or more declined for the fourth consecutive quarter, according to results released Wednesday afternoon.

Whole Foods  profits declined 22% from a year ago to $120 million. Overall sales rose 2% to $3.7 billion, which was a record for the quarter, but still a far cry from the company's double digit sales growth just two years ago. . . . more

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