First quarter sales increased 13% to $3 billion at Whole Foods and profits grew 18% to $305 million, prompting the company to increase its full year profit forecast and declare a two-for-one stock split.
Same stores sales increase 6.9% and earnings per share increased 19% to 76 cents, three cents better than analysts forecast. The company’s performance was favorable across the board, according to co-founder, and co-CEO John Mackey.
Veteran retailer Leo Kahn, who developed his family-owned wholesale business into the Purity Supreme chain, co-founded Staples, and pioneered selling natural foods in supermarket-sized venues, died on May 11 in Boston.
NEW YORK — Veteran retailer Leo Kahn, who developed his family-owned wholesale business into the Purity Supreme chain, co-founded Staples, and pioneered selling natural foods in supermarket-sized venues, died on May 11 in Boston. He was 94.
