Whole Foods Pleased With Performance As Share Price Starts To Climb

US natural and organic food retailer Whole Foods Market (WFM) has registered a 2.5% decline in comparable store sales for the three months to July 5, with identical store sales falling by 3.8%. This is a far cry from the performance in fiscal year 2007 when it recorded an 8.2% increase in comparable store sales. However, CEO John Mackey described the results as pleasing, suggesting that the retailer had seen its first sequential improvement in comparable and identical store sales for six quarters. This upbeat assessment also seems to be shared by investors, with the company's share price hitting a

To read the full article, please choose one of the following options: