“Whole Foods Market Inc.’s (WFM) healthy performance in the second quarter of 2012 was followed by better-than-expected third quarter results. The company seems to be sustaining its growth momentum in fiscal 2012 on the back of strong sales as shoppers are flocking to the grocery chain.
The company has been gaining better market share against other supermarket chains, defying economic fears.
These boosted management’s expectations about the company’s performance in 2012, which was quite evident from an upbeat outlook. The shares of the company rose $9.82 or 11.6% to $94.35 in after-market trading hours on Wednesday.”
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