American supermarket chain Whole Foods Market has posted 13.6% growth in sales to $2.7bn in the second quarter (Q2) of 2012, compared to the same quarter a year ago.
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During the quarter ended 8 April 2012, comparable store sales jumped 9.5% and identical store sales, excluding six relocations and two expansions, advanced 9% from the year over period.
Net income increased 31% to $117.7m in the second quarter, compared to $89.93m in the same quarter a year earlier.
Operating income totalled $189.38m in the reporting quarter, compared with $142.12m in prior year’s same quarter.
During the quarter, the chain has produced $255.8m in cash flow from operations and invested $101.9m in capital expenditures, of which $60m related to new stores.
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By GlobalDataWhole Foods Market co-founder and co-chief executive officer John Mackey said the second quarter has produced the best results in the company’s thirty-two year history.
In the 28-week period ended 8 April 2012, sales increased 13% to $6.1bn from the same period a year ago.
Comparable store sales rose 9% and identical store sales, excluding six relocations and three expansions, were up 8.6% during the period.
Net income jumped 32% to $236m from $178.6m in the 12-week ended 10 April 2011, while operating income grew from $289.6m to $379.72m.
The Texas-based retailer opened three stores in the second quarter and four new stores in the third quarter, and expects to open five additional stores, including one relocation.
Whole Foods Market currently has 324 stores, totalling about 12.3 million ft², in the US, Canada and the UK, and employs over 67,000 people.
Image: Net income increased 31% to $117.7m in the second quarter, compared to $89.93m in the same quarter a year earlier. Photo: Whole Foods Market
