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Market Movers

Whole Foods says revenue growth will slow

Whole Foods has 345 stores in the US, UK, and Canada.

Whole Foods has 345 stores in the US, UK, and Canada.

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Whole Foods Market expects fiscal 2013 revenue to rise less than projected. The chain cut its comparable-store sales growth ranges for the year, from as much as 8.5 percent, to as much as 8 percent. It maintained its forecast for earnings of up to $2.87 per share. It cited tougher gross margin comparisons, its effort to expand value offerings, and an increase in relocation expenses. First-quarter net income was $146 million, or 78 cents per share, vs. $118 million, or 65 cents.

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