Whole Foods profit soars 32% in Q3; on track in goal toward 1,000 stores

Austin, Texas -- Whole Foods Market said it continues its forward march, posting a profit of $116.8 million for the quarter ended July 1, a rise of 32% over last year’s quarterly results. Sales for the quarter surged 14% to $2.7 billion, and same-store sales increased 8%.

"Our accelerated growth plans are on track, and we believe we will continue to gain market share through further differentiating our shopping experience, improving our relative value positioning, and reinforcing our position as America's healthiest grocery store," said co-CEO Walter Robb.

The grocer opened a record nine new stores in the third quarter, one in the fourth and plans another six by fiscal year end – bringing this year’s total to 25 new stores. Twelve new leases have been signed and the company maintains it is on track to grow the chain to 1,000 stores from its current 369 count.
 

Recommended stories

Login or Register to post a comment.