Whole Foods Market raised its full-year sales and profit forecast after booking a 32% increase in third-quarter earnings.

The US natural and organic retailer said net income rose to US$116.85m from $88.47m last year in the 12 weeks to 1 July. The company saw sales rise to $2.73bn, up from $2.4bn in the comparable period of last year, while same-store sales grew 8.2%.

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Co-chief executive Walter Robb said the company is “thriving” in an economic environment “that is proving to be difficult for many retailers”.

Whole Foods raised its earnings and revenue growth outlook for the full financial year. The company now expect earnings of $2.51-2.52 per share, up from previous guidance of $2.44-2.47 per share, on sales growth of 15.6-15.8%, up from 14.8-15.6%. percent.

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