Topic: How To Invest

Hi, Pat. Thanks for your many years of great advice. Could you please give me your thoughts on Whole Foods?

Article Excerpt

Whole Foods Market Inc., $39.99, symbol WFM on Nasdaq (Shares outstanding: 361.2 million; Market cap: $14.4 billion; www.wholefoodsmarket.com), is the largest retailer of natural and organic foods in the U.S. The company was founded in Austin, Texas, in 1980, when three local businessmen decided the natural food industry was ready for a supermarket format. Whole Foods sells a selection of perishable foods, mainly natural or organic products, as well as mainstream national brands. Its food comes from all over the world, but it focuses on selling goods from local farmers. The company operates 399 stores: 381 in the U.S., nine in Canada and nine in the U.K. The U.S. supplies 97% of its sales. In the short term, Whole Foods plans to increase its overall store square footage by 10% a year. Ultimately, it aims to expand to over 1,200 locations in the U.S. In its fiscal 2014 third quarter, which ended July 6, 2014, Whole Foods’ sales rose 10.4%, to $3.4 billion…