AUSTIN, Texas – Whole Foods Market Inc. says its third-quarter net income dropped about 30 percent due largely to costs associated with its acquisition of Wild Oats and a tough economy that hurt consumer spending.

The company reported Tuesday that it earned $33.9 million, or 24 cents a share, for the fiscal quarter ending July 6, down from $49.1 million, or 35 cents a share, in the same quarter last year.

Whole Foods reported revenue of $1.84 billion for the quarter, up from $1.51 billion for the same quarter of the prior year.

The results fell short of Wall Street’s expectations. Analysts polled by Thomson Financial had expected a profit of 31 cents per share on revenue of $1.9 billion.