Whole Foods 3Q profit up as costs dip, sales rise

AUSTIN, Texas

Whole Foods said Tuesday that it earned $65.7 million, or 38 cents per share, for the quarter. That's up 88 percent from $35 million, or 25 cents per share, a year earlier.

Also aiding the bottom line were lower spending on relocating, closing and leasing stores -- $700,000 in this year's third quarter, compared with $18.2 million in last year's.

Revenue grew 15 percent to $2.16 billion.

The earnings met analysts' average forecast for 38 cents per share on revenue of $2.14 billion.

Whole Foods said its sales trends remain strong and it is gaining market share.

It raised its full-year guidance.

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