|
|
 |
| |
|
Home > Fortune 500 Companies > Whole Foods Market
Whole Foods Market
Whole Foods Market Inc. is a publicly traded company with a good stock performance record. Whole Foods Market Inc. is a fortune 500 stock listed company trading under the symbol WFMI. Whole Foods Market was founded in 1978 and is based in Austin, Texas.
Whole Foods Market is now the world's leading retailer of natural and organic foods, with 183 stores in North America and the United Kingdom. To date Whole Foods Market remains uniquely mission driven: We're highly selective about what we sell, dedicated to stringent Quality Standards, and committed to sustainable agriculture.
Whole Foods Market, Inc. and its subsidiaries engage in the ownership and operation of natural and organic foods supermarkets. It offers produce, seafood, grocery, meat and poultry, bakery, prepared foods and catering, specialty (beer, wine, and cheese), whole body (nutritional supplements, vitamins, body care, and educational products), floral, pet products, and household products. As of September 25, 2005, the company operated 165 stores in the United States and the District of Columbia; 3 stores in Canada; and 7 stores in the United Kingdom.
Our average weekly sales were a record 585,000 dollars for all stores and 623,000 dollars for new stores. The company’s 13 percent comparable store sales growth this quarter marked our ninth consecutive quarter of double-digit comparable store sales growth, and despite the fact that their average store size continues to grow, their annualized sales per gross square feet increased to an all-time high of just over 900 dollars.
For the quarter, sales increased 22 percent to 1.7 billion dollars. The net income increased 26 percent to 58.3 million dollars the diluted earnings per share increased 17 percent to 0.40 dollar, operating cash flow per share was 0.61 dollar, and Economic Value Added (EVA) improved 8.7 million dollars to16.3 million dollars. These results include approximately 1.1 million dollars in share-based compensation expense.
For fiscal year 2006, the Company is reiterating its previously stated guidance. The Company still expects sales growth of 18 percent to 21 percent driven by comparable store sales growth of 8 percent to 11percent and weighted average square footage growth in line with its 14 percent average.
The company has committed themselves to the success of the business, to the pursuit of excellence, to the safety of employees, and to providing industry leading quality of service to customers.
Back to Fortune 500 Companies
|
|
|
|
|
|
|