ar08_letter

1) Whole Foods Market saw sales growth of 24% in 2008 to $8 billion but comparable store sales increased only 5% as challenges from the deteriorating economy hurt sales. 2) Actions taken to address the economic challenges included cost cuts, reducing new store openings, and raising $425 million from an investor. 3) Looking ahead, the company expects sales to stabilize in 2009 driven by improvements in acquired Wild Oats stores and continued focus on value, quality, and differentiation.