Posted on Friday, May 13th, 2011 at 3:15 pm.
Whole Foods Market’s second-quarter income increased 33 percent, beating analyst predictions.
According to a press release, the company has raised its full-year earnings outlook. Whole Foods said the overall results for the most recent quarter were its strongest in five years. The Austin-based company has fully repaid its long-term debt and is considering using its cash balance to grow faster, raise dividends, and repurchase stock.
Whole Foods earned $89.9 million for the quarter, which ended April 10, up from $67.5 million a year earlier. Revenue rose 12 percent to $2.35 billion.
The chain opened three new stores in its second quarter.
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