Despite Keen Competition In Organic Retail, Whole Foods Reports Solid Profits

Whole Foods Market posted 4th quarter earnings of $128 million, an increase of 5.7 percent ($0.35 a share) on revenues of $3.26 billion (up 9.4 percent over 2013). The strong profit report comes in the face of increased competition in the organic sector from mainstream supermarket and retail grocery chains. Whole Foods acknowledged the tougher competitive environment, but said “no one offers the shopping experience we offer”. Company CEO Walter Robb said Whole Foods embraces a “higher standard” that gains and retains customers.