Profits in increase and strong expansion planned for Whole Foods Market

The U.S. chain Whole Foods Market, the world leader in natural and organic foods, which holds more than 300 stores in North America and the United Kingdom, has seen an increase in its turnover and profits .

In the second quarter, Whole Foods Market posted a net profit of $ 89.9 million against $ 67.5 million last year. Its turnover was up 12% to $ 2.35 billion.

The chain continues to gain market share, much faster than most of food distributors. Whole Foods Markets currently has 304 stores and plans to open 50 additional stores in coming months.

A member of the management has revealed that Whole Foods Market had set an objective of 1,000 stores. Reasonable indication, he said, given that consumer demand continues to increase, such as additional markets opportunities.
 

source : boursier, yahoo news canada, supermarket news