Whole Foods Posts Q1 Profit Gains

Whole Foods Market here on Tuesday said both sales and profits were up in the fiscal first quarter as the company said it tried to strike the right balance between pricing aggressively and maintaining margins.

AUSTIN, Texas — Whole Foods Market here on Tuesday said both sales and profits were up in the fiscal first quarter as the company said it tried to strike the right balance between pricing aggressively and maintaining margins.

Net income in the 16-week quarter, which ended Jan. 17, was up about 71%, to $55.2 million, on a 7% gain in sales, to $2.64 billion, vs. year-ago results. Comparable-store sales

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