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Whole Foods Market Audit

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Whole Foods Market Audit
Whole Foods Market Strategic Audit I Current Situation
a. Whole Foods Market, Inc. (WFM) reported on July 3, 2016 the results for 12 week third quarter. Total sales increased to a record $3.7 billion. Comparable store sales decreased 2.6%. Net income was $120 million, or 3.2% of sales, and had diluted earnings per share of $0.37 this equated to 8.8% of sales and adjusted return on capital was 13%. During the third quarter the company produced $189 million in cash flow from operations, returned $44 million in quarterly dividends to shareholder, and repurchased $195 million or 6.5 million shares of common stocks. Whole Foods Market ended the quarter with $1.1 billion of available capital. Also during the third quarter Whole Foods Market opened their second 365 by Whole Foods Market store. This store is designed for affordability and convenience and aims to deliver a fresh new format to the marketplace. (WFM)
b. Strategic Posture i. Are they clearly stated? ii. Mission: Whole Foods Market is a dynamic leader in the quality food business. We are a mission-driven company that aims to set the standards of excellence for food retailers. We are building a business in …show more content…
Objectives: The corporate objective of “Whole Foods Market is to branch out in becoming an international brand synonymous with not just natural and organic foods, but also with being the best food retailer in every community,” Wholefoodsmarket.com (WFM,2012). Their motto is, “Whole Foods, Whole People, Whole Planet,” with emphasis that their vision reaches far beyond a food retailer. Whole Foods Market understands that all shoppers, not just natural and organic food shoppers, appreciate great produce in all aspects of their food. It is WFM business and functional objective to provide excellent customer service and to provide excellent products to their customers and an excellent experience shopping in their stores. (Coursehero,
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