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Whole Foods reports 2.4 pct drop in same-store sales
February 8, 2017 / 9:26 PM / 10 months ago

Whole Foods reports 2.4 pct drop in same-store sales

Feb 8 (Reuters) - Whole Foods Market Inc reported a 2.4 percent fall in quarterly sales at established stores, marking the sixth straight quarter of declines.

Analysts on average had expected a 1.7 percent drop in same-store sales, according to research firm Consensus Metrix.

The company said its same-store sales were down 3.2 percent in the first month of the current quarter through Feb. 5.

Revenue rose to $4.92 billion in the first quarter ended Jan. 15, from $4.83 billion a year earlier.

Net income fell to $95 million, or 30 cents per share, from $157 million, or 46 cents per share. (Reporting by Lisa Baertlein in Los Angeles and Jessica Kuruthukulangara in Bengaluru; Editing by Maju Samuel)

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