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Sunday, November 8, 
7:06 am

M&A costs hurt Whole Food's earnings

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Whole Foods Markets Inc. February acquisition of Wild Oats Markets Inc. hurt the Austin, Texas-based company's fourth-quarter bottom line as it reported profts fell slightly. Overall, the company reported a profit of $33.9 million, or 24 cents per share, for its fourth quarter ending Sept. 30. That's a decline from a profit of $39.8 million, or 28 cents per share, during the same period last year. The fall was attributed to legal expenses as well as M&A-related costs for Wild Oats, which totaled approximately $13 million, or $0.06 per diluted share. Whole Foods completed its acquisition of Wild Oats on Aug. 28. — Gerald Magpily

See Dallas Business Journal
See Whole Foods press release
See TheDeal.com: Whole Foods swallows Wild Oats

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