Whole Foods fiscal 4Q net income up 31 percent

[Sherman A1]

ST. LOUIS (AP) -- Whole Foods Market Inc. said Wednesday that its fiscal fourth-quarter profit rose 31 percent, beating analysts' expectations as sales rose.
But the company's outlook for next year's profit fell just short of what analysts forecast on average, and its shares fell after hours.
The natural and organic grocery store chain reported net income of $75.5 million, or 42 cents per share, up from $57.5 million, or 33 cents per share, a year earlier. Its revenue rose 12 percent to $2.35 billion.

http://www.kmov.com/news/local/Whole-Foods-fiscal-4Q-net-income-up-31-percent-133135073.html

Whole Foods Chief Operating Officer A.C. Gallo said the company's costs had risen, particularly in the meat and dairy aisles.
"We've realized that we've had to be really careful ... because we don't feel like we really want to push those (prices) very much farther (onto consumers)," Gallo told investors during a conference call Wednesday.
The recession slammed Whole Foods, but it revamped its operation by cutting costs, slowing expansion and offering more lower-priced options. The strategy worked: Whole Foods' sales have risen.

The complete article is at the link. what I find most telling are first the significant income increase, so I guess the folks that shop there are not doing too badly or at least not badly enough to affect store sales and the responses to the recession as stated by the CEO "revamped its operation by cutting costs....." meaning cutting labor and workers doing more with less....

[Firebrand Gary]

1. I like Whole Foods, but FUCK, they are expensive.

AKA Whole Paycheck.

[Sherman A1]

2. At this point, I think they pretty much all are

expensive. Prices just seem to keep going up & up.

[TomClash]

3. Meanwhile people have a hard time paying for their next meal nt

[Sherman A1]

5. Agreed

[sunwyn]

4. I never shop here. Not only are they expensive,

they peddle the same crap that all grocery stores carry now days, gmo laden, excessive sugar, salt, over processed foods at a significant price increase. And then have the balls to pedal alot of this stuff as healthy. Shop the outer aisles in groceries and try to buy in season and local. It's cheaper and healthier.

[Name removed]

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