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WHOLE FOODS: SALES UP, COMPS STILL STRONG
AUSTIN, Texas -- Whole Foods Market here said it has seen no sign of a recession, with sales up 21.5% to $156.7 million in the quarter ended April 8.ustry analysts in a conference call following the release of the company's results from its continuing businesses only for the 12-week second quarter and 28-week first half."Even in California, which has been hit hard by a slowing tech economy and high
May 21, 2001
1 Min Read
AUSTIN, Texas -- Whole Foods Market here said it has seen no sign of a recession, with sales up 21.5% to $156.7 million in the quarter ended April 8.
ustry analysts in a conference call following the release of the company's results from its continuing businesses only for the 12-week second quarter and 28-week first half.
"Even in California, which has been hit hard by a slowing tech economy and high utility costs, our comps are running over 10% for the first few weeks of the third quarter," said Mackey.
In the half, sales rose 25.3% to $1.2 billion, comparable-store sales were up 8.5%, net income increased 23% to $30 million, and earnings per share were $1.08, compared with 90 cents last year. In the quarter, comps were up 9.6%, net income increased 17.3% to $14.9 million, and earnings per share were 54 cents, up from 47 cents.
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