Whole Foods Shares Fall as Organic-Food Competition Hurts Sales

Bloomberg

Whole Foods Market Inc. shares slumped the most in almost a year after third-quarter sales missed analysts’ estimates, a sign the organic-food chain is struggling to fend off new competition from mainstream supermarkets.

“Whole Foods continues to face challenges from competitors going after organic and natural foods more aggressively,” said Joe Feldman, an analyst at Telsey Advisory Group.

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