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Whole Foods Tumbles After Sales Miss

Myles UdlandJul 31, 2014, 01:35 IST

AP/Danny Johnston

Shares of Whole Foods are tumbling after the company reported same-store sales that missed expectations.

The organic grocer report same-store sales grew 3.9% in the quarter, less than the 4.8% that was expected by analysts.

Whole Foods reported bottom lines results that beat expectations, earnings $0.41 per share against expectations for $0.39. Revenue totaled $3.4 billion, which was in-line with expectations.

Shares of Whole Foods were down as much as 8% after the report.

More to come ...