Stephanie Sammons

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Lirola responds to the following question in the interview:

Q: Some people are saying they think Whole Foods is a little bit overpriced at this point.
A: It is getting up there. But clearly it's No. 1 in its category; clearly management is motivating the team to deliver superior services and they are expanding their private-label value line within the stores. So, there is no question organic is a trend for the future. And a lot of these companies, by the way, are really benefiting directly or indirectly from reduced lease rates. Companies that can are renegotiating all the leases.
Get the full interview here:  http://su.pr/5oUxgb#

Today, Whole Foods reported a strong fiscal third quarter:

Shares of the organic and upscale grocer surged 16% on news of a strong fiscal third quarter. Jefferies & Co. analyst Scott A. Mushkin maintained a Hold rating on Whole Foods but raised estimates and lifted the target price to $25 from $19. Mushkin wrote in a research report, "Whole Foods appears to be experiencing the early stages of a turnaround with sales seeming to stabilize due to a better value perception and in-store execution."

I continue to believe that the "go organic" trend is only just beginning, and Whole Foods is in the sweet spot.  (sweet minus the high fructose corn syrup).  Go see www.foodincmovie.com.  It will change your perspective about the food you eat.