Whole Foods (WFM) is dropping after one of its competitors, The Fresh Market (TFM), reported lower than expected third quarter earnings per share. The Fresh Market's comparative sales rose 5.6% during its third quarter, but that was down from 8.1% in its second quarter. Moreover, the upscale grocery store chain reported that its CFO had resigned. On a somewhat positive note, the company maintained its FY12 EPS guidance of $1.33-$1.38, versus analysts' consensus estimate of $1.38. In early trading Whole Foods fell $1.12, or 1.23% to $90.25, while The Fresh Market tumbled $10.28, or 17.07%, to $49.96.
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