Whole Foods Profits By Cutting 'Whole Paycheck' Reputation
This article is for subscribers only.
For most of its 33 years in business, Whole Foods has tried to convince shoppers and investors that it isn’t just out for chief executive officers and affluent soccer moms. The company’s bid for the middle market may finally be paying off, based on a stellar earnings report released late yesterday.
Whole Foods posted impressive gains in sales and profit for the recent three months, but such old-guard giants as Kroger and Safeway are likely more concerned with a few other metrics.