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Whole Foods Reports Q3 Down But Q4 Much Improved

Same-store sales remained in negative territory, but improved sequentially, and the momentum has since turned comps positive in the current fourth quarter. Earnings in the meantime slowed as a result of higher costs associated with its recently announced strategic plan and falling comps. Total sales for the quarter, which ended July 2, ticked up 0.6% to $3.7 billion. Net income of $106 million was down 11.7%.

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