Whole Foods Tumbles

Whole Foods is down as much as 6% after hours, to $US52.10.

The retailer reported Q1 earnings of $US0.42 per share, missing expectations for $US0.44 per share.

Q1 comp sales were up 5.4%, missing expectations for a 5.7% rise.

The company also lowered guidance and now sees full-year EPS of $US1.58-$1.65 per share, from $US1.65-$.169 per share.

This was also below expectations for $US1.68 per share.

It expects full-year comp sales up 5.5-6.2%, compared with expectations for 6.2% rise. This is lower than its prior outlook for 5.5-7%.

Click here for the full press release »

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.