Dive Brief:

• Whole Foods said net income for the fiscal fourth quarter rose 7 percent to $121 million, and that full fiscal year income jumped 18.2 percent to $551 million.
• The retailer warned that fiscal 2014 won't be as lucrative as the company had thought, and said it expects sales growth in 2014 of 11 percent to 13 percent, down from earlier forecasts of 12 percent to 14 percent.
• The company also said it would boost its dividend 20 percent to 12 cents a share.

Dive Insight:

There are some areas of concern in Whole Food earnings report, and shares fell in overnight trading. First, it appears that profit margins are being squeezed a bit as the retailer experiments with lower prices in an effort to shed its reputation as an expensive place to shop. Second, the company has been opening stores at an extraordinary rate, and doesn't plan to slow down this year. That could bring cannibalization problems that hurt comparable-store figures -- a threat that Whole Foods' CEO acknowledged.