Whole Foods Delays First-Quarter Filing

Austin, Texas, Whole Foods Market, Inc., has asked for a five-day delay in filing its first-quarter financial statements so the company can adjust its lease accounting to align with the clarified SEC rules. The organic and natural-foods retailer will file its form 10-Q with the SEC on March 2. Like many other companies, Whole Foods will examine its current methods of accounting for tenant-improvement allowances and rent holidays, and calculation of depreciation of leasehold improvements and straight-line rent determination for leased properties.