Whole Foods Posts Healthy Growth
Austin, Texas, Lifted by comparable-store sales growth of 15.2%, Whole Foods Market reported sales of $1.1 billion for the third quarter ended July 3, an increase of 23% increase compared to the same period last year. Net income increased 31% to $41.7 million.
“We are producing impressive sales and earnings results even as we compare against one of the best years in our company’s history,” said John Mackey, Whole Foods Market CEO, Chairman and Co-founder, in a prepared statement. “Our comparable stores have produced a sales increase of 12.6% year to date on top of a 15.2% increase last year, our new stores continue to perform above our expectations, producing a record $618,000 in average weekly sales during the quarter, and our net income has increased 27% year to date on top of a 34% increase last year.”