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Whole Foods Too Pricey For Shoppers
Whole Foods Market(WFMI Quote) can't seem to shake its rich-kid persona -- which has not surprisingly proved a liability in a time of economic strife.
The grocery chain posted a 32% drop in second-quarter earnings, as consumers cut back on pricey foods and stick to private-label products.
During the quarter, the company earned $27.3 million, or 19 cents a share, missing forecasts of 19 cents. This compared with earnings of $40 million, or 29 cents, last year. ...
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