The grocer reduced its annual forecast and several analysts cut their ratings.
Net income was $142 million, or 38 cents per share, close to what they reported for the same quarter a year ago
The average of 30 analysts' estimates was 41 cents, according to Bloomberg data.
Sales increased 9.7% to $3.32 billion, which fell below projections.
Whole Foods lowered its forecast for profit this fiscal year to up to $1.56 per share, excluding certain items, compared with a previous projection of up to $1.65.
Analysts estimate $1.61 per share, on average.
TheStreet Ratings team rates WHOLE FOODS MARKET INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate WHOLE FOODS MARKET INC (WFM) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."