Whole Foods Trims Sales Outlook

It appears that Whole Foods is still doing very well, despite their CEO's recent comments and general economic headwinds.

AUSTIN, Texas — Whole Foods Market here on Wednesday said its comparable-store sales growth slowed in the first quarter, and it slightly reduced its sales outlook for the year.

Comps in the 16-week first quarter, which ended Jan. 20, rose 7.2% — much higher than most of the food retailing industry but below its range of 8.5% to 8.9% over the past year.

The company also said its comps for the year are expected to fall in the range of 6.6% to 8%, vs. previous projections of 6.5% to 8.5%. Sales for the year are now expected to rise 10% to 11%, vs previous projections of 10% to 12%.

Net income for the first quarter was $146 million, vs. $118 million a year ago, and sales were up 14%, to $3.86 billion.

Read More: http://supermarketnews.com/retail-amp-financial/whole-foods-trims-sales-outlook#ixzz2LEzdGcWF

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17 replies	Author	Time	Post
Whole Foods Trims Sales Outlook (Original post)	Sherman A1	Feb 2013	OP
I guess they're finding out what Walmart admitted last week	Warpy	Feb 2013	#1
Read it more carefully	quaker bill	Feb 2013	#2
Yeah where I live in Jersey there's one in Cherryhill thats always packed especially on weekends	bigdarryl	Feb 2013	#3
Then you know it's "Cherry Hill." :-)	WinkyDink	Feb 2013	#8
They are now not the only game on the block...	Javaman	Feb 2013	#4
I would like to see more Trader Joe's here in Austin.	ananda	Feb 2013	#5
Not only are HEB's prices better...	Javaman	Feb 2013	#6
Non-union TJ's is owned by the German billionaire Albrechts, owner of non-union Aldi's. Just an FYI.	WinkyDink	Feb 2013	#9
So is WF's...	Javaman	Feb 2013	#12
In the Northeast, Price Chopper is an excellent choice. Affordable with lots of Green and	bluestate10	Feb 2013	#10
Price Chopper is anti- union	otherone	Feb 2013	#16
True, but the only name on the block here	quaker bill	Feb 2013	#15
I don't know where your located. So it becomes like a walmart. Funny how half of wf's board is	Javaman	Feb 2013	#17
Maybe they should reconsider loaves of bread at $5 nt	flamingdem	Feb 2013	#7
The way I'm reading this is that they are trimming from excellent to great	Renew Deal	Feb 2013	#11
Exactly	Sherman A1	Feb 2013	#14
Headed over there now!	zappaman	Feb 2013	#13

Response to Sherman A1 (Original post)

Mon Feb 18, 2013, 04:24 AM

Warpy (69,147 posts)

1. I guess they're finding out what Walmart admitted last week

Their customers are tapped out. If they want increased sales, they're going to have to hope for a sizable hike in the minimum wage, something they will shriek about putting them out of business until it happens and their sales improve.

It looks like retail, at least, is finally relearning that the money pump works from the bottom up, not the top down.

Whole Foods Trims Sales Outlook

1. I guess they're finding out what Walmart admitted last week

2. Read it more carefully

3. Yeah where I live in Jersey there's one in Cherryhill thats always packed especially on weekends

8. Then you know it's "Cherry Hill." :-)

4. They are now not the only game on the block...

5. I would like to see more Trader Joe's here in Austin.

6. Not only are HEB's prices better...

9. Non-union TJ's is owned by the German billionaire Albrechts, owner of non-union Aldi's. Just an FYI.

12. So is WF's...

10. In the Northeast, Price Chopper is an excellent choice. Affordable with lots of Green and

16. Price Chopper is anti- union

15. True, but the only name on the block here

17. I don't know where your located. So it becomes like a walmart. Funny how half of wf's board is

7. Maybe they should reconsider loaves of bread at $5 nt

11. The way I'm reading this is that they are trimming from excellent to great

14. Exactly

13. Headed over there now!