AUSTIN, Texas — “Wow!” That was the reaction of one analyst, Scott Mushkin of Jefferies, upon reviewing second-quarter figures from Whole Foods Market last week. The natural and organic grocer, which has been known to post eye-popping sales figures, combined that with profits that exceeded most expectations, achieved as a result of increased sales leverage, better cost and shrink controls, and a growing base of smaller, more productive stores. “After covering ...

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