WHOLE FOODS 3RD QUARTER HITS RECORDS
AUSTIN, Texas -- Strong same-store sales helped Whole Foods Market here achieve record sales of $97.4 million in the third quarter ended July 3.0% in the quarter. Excluding the company's Mrs. Gooch's units, which were damaged in the Los Angeles earthquake last January, same-store sales increased 14%.Whole Foods also said same-store sales at one store in Chicago were strong in spite of the opening
August 15, 1994
AUSTIN, Texas -- Strong same-store sales helped Whole Foods Market here achieve record sales of $97.4 million in the third quarter ended July 3.
0% in the quarter. Excluding the company's Mrs. Gooch's units, which were damaged in the Los Angeles earthquake last January, same-store sales increased 14%.
Whole Foods also said same-store sales at one store in Chicago were strong in spite of the opening of a nearby Fresh Fields store. Fresh Fields, Rockville, Md., is a major competitor.
Christopher Vroom, a securities analyst at Alex. Brown & Sons, Baltimore, said Whole Foods' per-share earnings were in line with expectations. Operating profit increased 23%, he said.
3rd-QUARTER RESULTS
Qtr Ended 7/3/94 7/4/93
Sales $97.4 million $79.5 million
Change 22.5%
Same-store 10%
Net Income $2.21 million $1.74 million
Change 27.1%
Inc/Share 15 cents 13 cents
40 Weeks 1994 1993
Sales $306.6 million $243.7 million
Change 25.8%
Same-store 9%
Net Income $6.68 million $5.26 million
Change 27.2%
Inc/Share 47 cents 41 cents
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