Whole Foods income, sales soar in 2nd quarter

By AP
Thursday, May 13, 2010

Whole Foods income soars in 2Q

AUSTIN, Texas — Whole Foods Market says its net income more than doubled in its second quarter as the grocer reported one of its best quarters in years.

The company also promoted President Walter Robb to share the CEO job with co-founder John Mackey.

Whole Foods’ business has been on an upward swing after the company retooled during to cope with the impact of the recession.

The natural and organic grocery chain said Wednesday that it earned $67.5 million, or 39 cents per share. That’s up from $27.3 million, or 19 cents per share, in the same quarter last year.

Revenue rose more than 13 percent to $2.1 billion.

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