I think this is a clear indicator. The food is too damn expensive at Whole Foods, especially compared to Safeway, Meijers and HEB and the Teet (Harris Teeter)
from
MeatingPlace.com
| Industry News - PM |
| Whole Foods' 1Q profit jumps 79 percent |
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| By Dani Friedland on 2/17/2010 |
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Whole Foods Market said earnings during the company's first fiscal quarter increased 78.7 percent, compared with the same period a year ago.
The Austin, Texas-based company said sales rose 7 percent during the 16-week quarter ended Jan. 17, to $2.6 billion. Increased purchases of organic meat were among the drivers, the company said, according to a report by the Associated Press.
"Our first quarter results exceeded our own expectations on both the top and bottom line," CEO John Mackey said in a news release. "While many of our competitors have gone back and forth on their pricing strategies, we remain focused on continuing to strike the right balance between driving sales over the long term by improving our value offerings while maintaining margin."
Whole Foods Market operates 289 stores throughout the country, and expects to open three more next quarter. |
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