Dive Summary:
- Third quarter net income for Whole Foods Market rose 2.1% as sales increased roughly 12% to $3.1 billion during that period.
- Whole Foods continues its rapid expansion, opening 12 new stores in the fourth quarter, bringing the total number of new locations to 32 in 2013.
- Whole Foods Market said it expects to see increased earnings for the company based on sales growth projections of roughly 13% for the year.
From the article:
For the year-to-date Whole Foods said it has produced $818 million in cash flow from operations and invested $377 million in capital expenditures, including $226 million for new stores, resulting in free cash flow of $441 million.