Whole Foods' shares fall on disappointing 1Q results, outlook

  • by: ANNE D'INNOCENZIO , Associated Press
  • Updated: February 12, 2014 - 5:15 PM

NEW YORK — Shares of Whole Foods Market Inc. dropped in after-hours trading Wednesday after the grocery chain reported that its fiscal first-quarter profit and revenue fell below analysts' forecasts. The Austin, Texas-based grocery chain, known for its organic and natural food offerings, also lowered its earnings projections for the year for the second time in months. It also pared down its full-year revenue guidance to the lower end of its expected range.

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