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Whole Foods' Profit Falls 68% in Quarter

November 10, 2005|From Bloomberg News

Whole Foods Market Inc., the largest U.S. natural-foods grocer, said profit fell 68% after Hurricane Katrina damaged stores and the company had stock option costs. Whole Foods also said it would raise its dividend and split its stock.

Its fiscal fourth-quarter net income fell to $9.1 million, or 13 cents a share, from $28.2 million, or 43 cents, a year earlier. Sales increased 20% to $1.12 billion.

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