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Whole Foods Q1 profit jumps 24%
Austin, Texas -- Whole Foods Market Inc. reported that its first-quarter net income rose 24% to $146 million, exceeding expectations, on stronger revenue. But the grocer narrowed its revenue forecast and said its earnings growth may slow through the remainder of the year amid higher store-opening costs and plans to increase its selection of lower-priced products.
Total sales increased nearly 14% to $3.86 billion for the 16-week period that ended Jan. 20. Same-store sales were up 7.2% for the quarter.
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Brookshire Grocery Co. joins EPA’s GreenChill
Tyler, Texas -- Brookshire Grocery Co. recently became one of a select number of grocery retailers nation-wide to join the U.S. Environmental Protection Agency’s GreenChill partnership, which works with supermarkets to reduce refrigerant emissions and decrease their impact on the ozone layer and climate change.