About Whole Foods Market, Inc.

With food and other items that are free of pesticides, preservatives, sweeteners, and cruelty, Whole Foods Market knows more about guiltless eating and shopping than most retailers. The world's #1 natural foods chain by far -- now that it has digested its main rival Wild Oats Markets -- the company operates more than 430 stores throughout the US, Canada, and the UK. The stores emphasize perishable and prepared products, which account for about two-thirds of sales. Whole Foods Market offers some 4,400 items in four lines of private-label products (such as the premium Whole Foods line). Founded in Austin, Texas, in 1980, Whole Foods Market pioneered the supermarket concept in natural and organic foods retailing.

Geographic Reach

With about 20 stores in Canada and the UK, Whole Foods rings up about 3% of its sales outside the US. After announcing plans to open hundreds more stores across Europe, international growth appears to have stalled, at least for now.

Sales and Marketing

Whole Foods spends much less on advertising and marketing than rival supermarket operators. Indeed, in fiscal 2015 (ends September) it spent about $89 million on ads and marketing, down from about $93 million the previous year. Instead, the grocery chain relies on word-of-mouth recommendations from its shoppers and marketing through social media such as Facebook, Twitter, Instagram and Google+. The company also markets its products through television, print, and digital advertising.

United Natural Foods is its single largest third-party supplier, accounting for 32% of Whole Foods total purchases in fiscal 2015.

Financial Performance

Whole Foods reported revenue of more than $15 billion in fiscal 2015. That was an increase of 8% compared to the prior fiscal period. Its net income was $536 million in fiscal 2015, which was a decrease of 7% compared to fiscal 2014.

Strategy

Key elements of the company's growth strategy are the opening of new stores, acquisitions, and increasing same-store sales. With the incursion of traditional grocery chains (Safeway and Kroger) and retail giant Wal-Mart into the natural and organic food space and fast-growing natural foods chains, such as Sprouts Farmers Market, adding stores, Whole Foods is facing a more mature and crowded retail market going forward.

The company has been looking towards technology spur growth. Whole Foods became the first national Instacart partner to offer both grocery delivery and in-store pickup in select US markets, and we was one of the first merchants to integrate with Apple Pay. Whole Foods is also working with New York-based Infor to build cloud-based software its executives hope will enable greater efficiency across its vast retail operations.

Whole Foods is working hard to emphasize its value proposition and shed its pricey image as "Whole Paycheck." The company is still committed to launching a smaller-store format, called 365 by Whole Foods, in 2016. The new stores will be in areas Whole Foods doesn’t currently serve, giving the company new customers and new revenue streams.

Responding to its health-conscious clientele, Whole Foods has pledged that by 2018 all products in its stores in North America must be labeled to indicate if they contain genetically modified organisms.

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Whole Foods Market, Inc.

550 Bowie St
Austin, TX 78703-4644
Phone: 1 (512) 477-4455
Fax: 1 (512) 477-1301
www.wholefoodsmarket.com

Stats

  • Employer Type: Public
  • Stock Symbol: WFM
  • Stock Exchange: NASDAQ
  • Co-CEO: Walter E. Robb
  • Co-CEO: John P. Mackey
  • Co-CEO: Walter E. Robb

Major Office Locations

  • Austin, TX

Other Locations

  • Mountain Brk, AL
  • Little Rock, AR
  • Chandler, AZ
  • Flagstaff, AZ
  • Phoenix, AZ
  • Prescott, AZ
  • Tempe, AZ
  • Tucson, AZ
  • Berkeley, CA
  • Beverly Hills, CA
  • Campbell, CA
  • Capitola, CA
  • Cupertino, CA
  • El Segundo, CA
  • Encinitas, CA
  • Folsom, CA
  • Fresno, CA
  • Glendale, CA
  • Irvine, CA
  • La Jolla, CA
  • Laguna Beach, CA
  • Long Beach, CA
  • Los Angeles, CA
  • Los Gatos, CA
  • Mill Valley, CA
  • Monterey, CA
  • Mountain View, CA
  • Napa, CA
  • Novato, CA
  • Oakland, CA
  • Oxnard, CA
  • Palm Desert, CA
  • Palo Alto, CA
  • Pasadena, CA
  • Petaluma, CA
  • Playa Vista, CA
  • Redondo Beach, CA
  • Redwood City, CA
  • Roseville, CA
  • Sacramento, CA
  • San Diego, CA
  • San Francisco, CA
  • San Jose, CA
  • San Mateo, CA
  • San Rafael, CA
  • San Ramon, CA
  • Santa Barbara, CA
  • Santa Clarita, CA
  • Santa Cruz, CA
  • Santa Monica, CA
  • Santa Rosa, CA
  • Sebastopol, CA
  • Sherman Oaks, CA
  • Sonoma, CA
  • Tarzana, CA
  • Thousand Oaks, CA
  • Torrance, CA
  • Tustin, CA
  • Venice, CA
  • Vernon, CA
  • Walnut Creek, CA
  • Watsonville, CA
  • West Hollywood, CA
  • Woodland Hills, CA
  • Boulder, CO
  • Colorado Springs, CO
  • Denver, CO
  • Fort Collins, CO
  • Highlands Ranch, CO
  • Lakewood, CO
  • Littleton, CO
  • Superior, CO
  • Westminster, CO
  • Cheshire, CT
  • Darien, CT
  • Fairfield, CT
  • Glastonbury, CT
  • Greenwich, CT
  • Milford, CT
  • West Hartford, CT
  • Westport, CT
  • Washington, DC
  • Altamonte Springs, FL
  • Boca Raton, FL
  • Clearwater, FL
  • Coral Springs, FL
  • Fort Lauderdale, FL
  • Jacksonville, FL
  • Miami, FL
  • Miami Beach, FL
  • Naples, FL
  • Orlando, FL
  • Palm Beach Gardens, FL
  • Pembroke Pines, FL
  • Sarasota, FL
  • South Miami, FL
  • Tallahassee, FL
  • Tampa, FL
  • Wellington, FL
  • West Palm Beach, FL
  • Winter Park, FL
  • Atlanta, GA
  • Augusta, GA
  • Braselton, GA
  • Duluth, GA
  • Marietta, GA
  • Roswell, GA
  • Savannah, GA
  • Honolulu, HI
  • Kahului, HI
  • Kailua, HI
  • Chicago, IL
  • Deerfield, IL
  • Evanston, IL
  • Hinsdale, IL
  • Itasca, IL
  • Naperville, IL
  • Northbrook, IL
  • Palatine, IL
  • Park Ridge, IL
  • River Forest, IL
  • Schaumburg, IL
  • Wheaton, IL
  • Willowbrook, IL
  • Carmel, IN
  • Indianapolis, IN
  • Mishawaka, IN
  • Munster, IN
  • Overland Park, KS
  • Lexington, KY
  • Louisville, KY
  • Baton Rouge, LA
  • Metairie, LA
  • New Orleans, LA
  • Andover, MA
  • Bedford, MA
  • Bellingham, MA
  • Boston, MA
  • Brighton, MA
  • Brookline, MA
  • Cambridge, MA
  • Dedham, MA
  • Everett, MA
  • Framingham, MA
  • Hadley, MA
  • Hingham, MA
  • Hyannis, MA
  • Jamaica Plain, MA
  • Lynnfield, MA
  • Medford, MA
  • Newton, MA
  • Somerville, MA
  • Swampscott, MA
  • Wayland, MA
  • Woburn, MA
  • Annapolis, MD
  • Baltimore, MD
  • Bethesda, MD
  • Chevy Chase, MD
  • Columbia, MD
  • Gaithersburg, MD
  • Hyattsville, MD
  • Rockville, MD
  • Silver Spring, MD
  • Portland, ME
  • Ann Arbor, MI
  • Rochester Hills, MI
  • Troy, MI
  • West Bloomfield, MI
  • Edina, MN
  • Minneapolis, MN
  • Minnetonka, MN
  • Saint Paul, MN
  • Saint Louis, MO
  • Town And Country, MO
  • Magee, MS
  • Asheville, NC
  • Carolina Beach, NC
  • Cary, NC
  • Chapel Hill, NC
  • Charlotte, NC
  • Durham, NC
  • Greensboro, NC
  • Morrisville, NC
  • Raleigh, NC
  • Wilmington, NC
  • Winston Salem, NC
  • Lincoln, NE
  • Omaha, NE
  • Nashua, NH
  • Cherry Hill, NJ
  • Edgewater, NJ
  • Englewood Cliffs, NJ
  • Madison, NJ
  • Marlton, NJ
  • Montclair, NJ
  • Northvale, NJ
  • Paramus, NJ
  • Princeton, NJ
  • Red Bank, NJ
  • Ridgewood, NJ
  • Vauxhall, NJ
  • West Orange, NJ
  • Albuquerque, NM
  • Santa Fe, NM
  • Henderson, NV
  • Las Vegas, NV
  • Reno, NV
  • Albany, NY
  • Jericho, NY
  • Lake Grove, NY
  • Manhasset, NY
  • New York, NY
  • White Plains, NY
  • Yonkers, NY
  • Cincinnati, OH
  • Cleveland, OH
  • Columbus, OH
  • Mason, OH
  • Oklahoma City, OK
  • Tulsa, OK
  • Bend, OR
  • Hillsboro, OR
  • Portland, OR
  • Tigard, OR
  • Glen Mills, PA
  • Jenkintown, PA
  • Malvern, PA
  • North Wales, PA
  • Philadelphia, PA
  • Pittsburgh, PA
  • Plymouth Meeting, PA
  • Wayne, PA
  • Wexford, PA
  • Wynnewood, PA
  • Providence, RI
  • Columbia, SC
  • Greenville, SC
  • Hilton Head Island, SC
  • Mount Pleasant, SC
  • Chattanooga, TN
  • Franklin, TN
  • Memphis, TN
  • Nashville, TN
  • Arlington, TX
  • Dallas, TX
  • Houston, TX
  • Lewisville, TX
  • Lockhart, TX
  • Mc Kinney, TX
  • Plano, TX
  • San Antonio, TX
  • Sugar Land, TX
  • Cottonwood Heights, UT
  • Park City, UT
  • Salt Lake City, UT
  • Alexandria, VA
  • Arlington, VA
  • Charlottesville, VA
  • Fairfax, VA
  • Falls Church, VA
  • Glen Allen, VA
  • Reston, VA
  • Springfield, VA
  • Vienna, VA
  • Virginia Beach, VA
  • Bellevue, WA
  • Redmond, WA
  • Seattle, WA
  • Vancouver, WA
  • Madison, WI
  • Milwaukee, WI
  • Markham, Canada
  • Mississauga, Canada
  • Oakville, Canada
  • Toronto, Canada
  • Vancouver, Canada
  • London, England
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