Rochester,NY 8/6/2009 10:04:10 PM
Whole Foods Market, Inc., WFMI - Whole Foods shares quickely increased on earnings report
Whole Foods Market, Inc.
Shares of Whole Foods Market Inc. increased almost 16 percent Wednesday after a quarterly report.
The shares closed at $28.70, up $3.88, That was almost five times greater than usual on volume. The value of Whole Foods' stock has more than tripled this year.
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Late Tuesday, Whole Foods reported a 2 percent gain in revenue for its fiscal third quarter and a profit of $35 million, after paying dividends to preferred shareholders, up from $33.9 million a year earlier. The company also raised its per-share profit outlook for the year.
The company highlighted its strong cost controls, as well as smarter pricing and promotions to attract customers.
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