AUSTIN, Texas—Whole Foods Market Inc.’s fiscal second-quarter profits show its shares are up more than 5 percent, according to Reuters. They report the retail chain’s same-store sales rose 8.7 percent in the second quarter, and are 9.5 percent so far in the current quarter.
Profit nearly doubled for the natural and organic grocery store to $67.5 million, which equals $0.39 per share for the fiscal second quarter ending April 11.
The article reports Whole Foods Market exceeded expectations (analysts thought profits would be around $0.33 per share), while many of its mainstream rivals are experiencing falling profits. The article credits Whole Food’s upscale clientele.