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Whole Foods Market posts flat Q2 profit amid higher costs; cuts outlook

Austin, Texas -- Whole Foods Market on Tuesday reported a profit for its fiscal second quarter that fell short of Wall Street expectations. The grocery store operator also cut its outlook for the year.

For the quarter ended April 13, Whole Foods earned $142 million, unchanged from last year, amid higher expenses.

Revenue rose to $3.32 billion, short of the $3.34 billion Wall Street expected. Same-store sales rose 4.5%, hurt by the shift of Easter to the third quarter this year.

 

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