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Whole Foods Posts Sales Up 8.4% In Quarter

Better price image and strong selection drove an increase in comparable-store sales of 8.4% at Whole Foods for the fiscal third quarter, which far exceeded sales results at other public companies. The company posted net income for the 12-week quarter, which ended July 3, of $88.5 million, a 34.4% increase. Sales climbed 10.9% to $2.4 billion.

Said Walter Robb, co-chief executive officer, "We are continuing to gain market share at a faster rate than most public food retailers, [which] we attribute to our value efforts, which have improved our price image, and to continuing to raise the bar in areas that matter to our customers, particularly quality standards and health and wellness."

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