Austin, Texas Whole Foods Market said Thursday that stronger sales helped more than double its second-quarter net income as shoppers flocked to the natural and organic grocery chain.
Whole Foods reported net income of $67.5 million for the second quarter, up from $27.3 million last year.
Revenue rose more than 13% to $2.1 billion, while same-store sales rose 8.7%.
"We believe the best is yet to come for Whole Foods Market," said John Mackey, co-founder of the company.
Whole Foods had been hit hard during the recession as shoppers cut back on spending. However, recent retooling efforts that included cost shavings, a more strategic growth plan and a change-up in offerings have allowed the grocer to post several quarters of improved results.
Whole Foods said shoppers are still focused on getting value when they shop but that consumers are beginning to equate the company with good value.
"It was a couple of really tough years," Mackey said. "We do feel a sense of relief and now we feel almost euphoric."