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Whole Foods Hits $10B in Sales

AUSTIN, Texas — Whole Foods Market here said Wednesday sales for the fiscal year ended Sept. 25 passed the $10 billion mark.

Sales for the 12-week fourth quarter rose 12.2% to $2.4 billion, with net income climbing 31.3% to $75.5 million. Comparable-store sales increased 8.7% for the quarter.

For the year net income rose 39.4% to $343.6 million, with sales up 12.2% to $10.1 billion and comps increasing 8.4%.

According to John Mackey, co-chief executive officer, "We are continuing to produce quality results and expect the lessons we learned during the recession will drive even higher levels of operating performance and returns on invested capital over time."

He said the company expects to open between 24 and 27 new stores in fiscal 2012 — a record number — with another 28 to 32 additional new stores in fiscal 2013.