More news about our favorite grocery store, Whole Foods!
Whole Foods Market Inc., Austin, Texas, has reported a 23 percent increase in sales for the third quarter ended July 3. The company brought in $1.1 billion this quarter, driven by 13 percent weighted average year-over-year square footage growth. Comparable store sales also fueled the sales increase, growing 15.2 percent during the quarter, while sales in identical stores increased 13.2 percent, excluding four relocated stores and two major store expansions. Net income was $41.7 million, a 31 percent increase, while diluted earnings per share grew 25 percent to $0.60. "We believe our goal of $10 billion in sales by the year 2010 is well within our reach," said CEO, chairman and co-founder John Mackey in a statement.
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