Whole Foods comparable sales growth slows, shares fall

Reuters

Nov 6 (Reuters) - Whole Foods Market Inc onWednesday reported same-store sales that decelerated in thefourth quarter and the grocer lowered its sales forecast forfiscal 2014, sending shares down 8.7 percent in after hourstrading.

Same-store sales, a key gauge of performance for retailers,rose 5.9 percent for the fiscal fourth quarter ended Sept. 29,the slowest pace of the year. In the current quarter, thosesales are up 5.8 percent so far.

Austin, Texas-based Whole Foods, the largest U.S. naturaland organic grocery chain, lowered its same-store sales growthfor fiscal 2014 by 1 percentage point on both ends of the rangeto a rise 5.5 percent to 7 percent.

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