Getting your player ready...
The largest U.S. natural-foods grocer said first-quarter profit fell because of costs related to its purchase of Boulder-based Wild Oats Markets Inc.
Net income dropped to $39.1 million, or 28 cents a share, in the 16 weeks ended Jan. 20, from $53.8 million, or 38 cents a share, a year earlier, Austin, Texas-based Whole Foods said Tuesday. Sales rose to $2.46 billion from $1.87 billion. The retailer acquired Wild Oats in August for $565 million to compete against Safeway Inc. and Trader Joe’s Co.
