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Earnings Outlook: What to watch for in Whole Foods earnings

Whole Foods Market Inc. is expected to announce third-quarter earnings on Wednesday after the market closes.

Analysts are mixed about what to expect, with some saying the grocer is poised for strong results and others expecting weakness and volatility. Many are keeping an eye out for same-store sales growth, or the lack thereof.

Whole Foods WFM, -1.33% shares have an average hold rating among 28 analysts polled by FactSet. The average price target is $30.91, or about 11% below the current trading level.

See also:What you really get for the high price of ‘humanely raised’ meat

Here’s what to expect:

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