Shortly after announcing the results of its record-breaking first quarter of fiscal 2016, Whole Foods Market said that it is adding five more leases new millennial-focused banner 365 by Whole Foods Market™.
These recently-signed leases will bring 5 new 365 by Whole Foods Market locations to Evergreen Park, Illinois; Gainesville, Florida; and Concord, Claremont, and Los Alamitos, California.
Previously announced leases include locations in Bellevue, Washington; Cedar Park, Texas; Cincinnati, Ohio; Houston, Texas; Portland, Oregon; and San Francisco and Santa Monica, California.
“We have assembled an amazing team of people who have been working tirelessly to create an innovative shopping experience that will appeal to new and existing Whole Foods Market customers,” said Jeff Turnas, President of 365 by Whole Foods Market. “We are all eagerly awaiting the opportunity to introduce 365 by Whole Foods Market with the opening of our first store in Los Angeles in just over 100 days.”
The retailer’s shares saw a 6 percent boost after-hours on Tuesday last week after the company’s financial results beat expectations.
“We delivered record sales of $4.8 billion this quarter and are pleased with the progress we have made on our nine-point plan outlined in November,” Walter Robb, Co-CEO of Whole Foods Market, said, according to the financial report. “We improved our cost structure, stepped up our value efforts, and are excited to announce today the national launch of digital coupons within our mobile app.”
The news comes as Co-CEO John Mackey called 2015 a challenging year and that he couldn’t recall another year where the retailer had received so much negative media coverage.
But as both Mackey and Robb look toward the future, these financial results look to be a good start for a comeback year.
“We believe we will deliver strong returns to shareholders over the long-term as we improve our price perception, better communicate our higher quality standards and differentiation, and continue to fundamentally evolve our business,” Robb said.
For more on Whole Foods and its financial performance, stay tuned to DeliMarket News.