-
Whole Foods’ record revenue increase not enough for Street
Despite the Easter holiday shift, Whole Foods reported second-quarter revenue of $3.32 billion, a record increase of 10% from the prior-year quarter. But the record was not enough for Wall Street, which expected $3.34 billion.
The company’s earnings per share of 38 cents for the quarter also came in below expectations of 41 cents per share.
-
Roundy's to sell 18 Rainbow stores
Minneapolis -- Grocery retailer Roundy’s said it had entered into definitive agreements to sell 18 Rainbow stores in the Minneapolis/St. Paul market to a group of local grocers, including Supervalu.
The sale price is $65 million, and Roundy’s said it is seeking buyers for a remaining nine Rainbow stores so that it can fully exit the Minneapolis/St. Paul market.
The transaction is expected to close during the third quarter of this year.