News Brief
Whole Foods Market Profits Up 88%
Aug 4, 2010, 3:54 PM
People are hungry for pricey produce: Whole Foods Markets says its third-quarter sales rose 15% to $2.2 billion, fueled by an 8.8% gain in comparable-store sales.
And profits rose a hefty 88% to $65.7 million, up from $35 million in the same period last year.
The Austin, Texas-based company also raised its forecast for the full year, but also says it is tempering its estimates due to the tougher economic and competitive environment.
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