Topic: How To Invest

Pat: Can I have your advice on Whole Foods Market? Thank you.

Article Excerpt

Whole Foods Market Inc., $51.98, symbol WFM on Nasdaq (Shares outstanding: 370.7 million; Market cap: $19.2 billion; www.wholefoodsmarket.com), is the largest retailer of natural and organic foods in the U.S. Whole Foods was founded in Austin, Texas, in 1980, when three local businessmen decided the natural-food industry was ready for a supermarket format. (Note: All per-share amounts, including share price, are adjusted for an upcoming 2-for-1 stock split on May 30, 2013.) Whole Foods sells a selection of perishable foods, mainly natural or organic products. The company also sells mainstream national brands. Its food comes from all over the world, but it focuses on selling goods from local farmers. The company operates 349 stores in the U.S., Canada and the U.K. However, the U.S. supplies 97% of its sales. Whole Foods plans to open around 70 new stores within the next two years and eventually aims to expand to over 1,000 locations in the U.S. Whole Foods shares have moved up 11%…