NEW YORK -- Whole Foods Market, Austin, Texas, will sacrifice strong earnings for the near term in pursuit of rapid unit growth, according to John Mackey, chairman and chief executive officer. Mackey told an investors conference here that the 41-store natural food retailer's goal of opening 100 units by the end of the decade will continue to blunt earnings growth. Sales continue to be strong but earnings remain far below the chain's potential, according to analysts. "Whole Foods can ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.