> Since the 2017 acquisition, Whole Foods has seen over 40% sales growth and, with Amazon Fresh, generated "tens of billions" of dollars in sales last year, Snyder added.
> "These changes reflect our long-term commitment to making grocery shopping easier, faster, and more affordable for customers," Snyder said.
that means they can offer the exact same quality products for cheaper, no (or give employees raises?); but they choose profits over their acclaimed affordability for customers?
wahern · 22h ago
Sales != profits. I infer they're actually losing money from this bit:
> Whole Foods is "growing meaningfully faster" than the broader industry with a "really good profitability trajectory," he added.
> "These changes reflect our long-term commitment to making grocery shopping easier, faster, and more affordable for customers," Snyder said.
that means they can offer the exact same quality products for cheaper, no (or give employees raises?); but they choose profits over their acclaimed affordability for customers?
> Whole Foods is "growing meaningfully faster" than the broader industry with a "really good profitability trajectory," he added.