Whole Foods Sales, Profits Up
AUSTIN, Texas -- Whole Foods Markets said yesterday its second quarter profit rose 26 percent to $25.6 million, or 41 cents a share, from $20.2 million, or 34 cents a share, a year ago. Sales during the period increased 16 percent to $725 million, while comparable store sales grew 7.0 percent.
"Despite some extraordinary events during the quarter including extreme weather and the outbreak of war, both of which negatively impacted our sales, we produced a 26 percent increase in net income and a 21 percent increase in diluted earnings per share," said John McKay, chairman, president, and c.e.o. "We produced $35 million in free cash flow, ending the quarter with $98 million in cash."
"Despite some extraordinary events during the quarter including extreme weather and the outbreak of war, both of which negatively impacted our sales, we produced a 26 percent increase in net income and a 21 percent increase in diluted earnings per share," said John McKay, chairman, president, and c.e.o. "We produced $35 million in free cash flow, ending the quarter with $98 million in cash."