WHOLE FOODS CHOOSING UNIT GROWTH OVER STRONG PROFITS FOR NEAR TERM

NEW YORK -- Whole Foods Market, Austin, Texas, will sacrifice strong earnings for the near term in pursuit of rapid unit growth, according to John Mackey, chairman and chief executive officer.Mackey told an investors conference here that the 41-store natural food retailer's goal of opening 100 units by the end of the decade will continue to blunt earnings growth. Sales continue to be strong but earnings

NEW YORK -- Whole Foods Market, Austin, Texas, will sacrifice strong earnings for the near term in pursuit of rapid unit growth, according to John Mackey, chairman and chief executive officer.

Mackey told an investors conference here that the 41-store natural food retailer's goal of opening 100 units by the end of the decade will continue to blunt earnings growth. Sales continue to be strong but earnings remain far below the chain's potential, according to analysts.

"Whole Foo

Register to view the full article

test - Advanced Registered User

Already a member? .