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Whole Foods Market Q2 profit surges 20%; raises forecast
Austin, Texas -- Whole Foods Market on Tuesday reported that its second-quarter net income rose to $142 million from $118 million a year earlier, beating analysts estimates. The chain also raised its full-year forecast.
Total sales in the quarter ended April 14 increased to $3.03 billion, from $2.67 billion.
Same-store sales rose 6.9%.
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J.C. Penney Q1 same-store sales down 16.6%, missing estimates
Plano, Texas -- In preliminary results, J.C. Penney Co. on Tuesday reported that same-store sales in its first quarter decreased approximately 16.6%, a deeper drop than was expected.
The company, which will report full results on May 16, said that it anticipates total sales of approximately $2.635 billion for the quarter, down some 16.4% from $3.152 billion in the same period last year.