14.3.2003: Meldung: Whole Foods Market Opens Stores
"We are very excited to expand our presence in the Atlanta market," said John Mackey, Chairman, President and Chief Executive Officer of Whole Foods Market. "This new 40,000 square foot location blends the best of both Whole Foods Market and Harry"s Farmers Market featuring such highlights as a 48-foot seafood counter, all-natural meat counter including a dry-aged beef room, wine shop with wine steward, antipasti bar, and an expanded prepared foods area and cafe with seating for 80 people."
The store is the third new store the Company has opened in its second fiscal quarter, and the eighth new store the Company has opened fiscal year to date. The Company currently operates 143 stores in North America and has 22 stores in development averaging 42,000 square feet in size.
On January 31, 2003 the Company mailed notice to the holders of its outstanding zero coupon convertible debentures informing such holders they had the right to surrender the debentures for repurchase by the Company on March 2, 2003. No debentures were redeemed on March 2, 2003, and the Company has no immediate plans to call the debentures.
The Company recently amended its credit facility extending the maturity from July 14, 2003 to October 1, 2004 and reducing the size from $220 million to $100 million. The Company believes the reduced facility better matches its projected cash needs. The Company expects capital expenditures for the fiscal year to be $180 million to $200 million and does not anticipate any borrowings during the year.
About Whole Foods Market:
Founded in 1980 in Austin, Texas, Whole Foods Market® (www.wholefoodsmarket.com ) is the largest natural and organic foods supermarket retailer. In fiscal year 2002, the company had sales of $2.7 billion and currently has 143 stores in the United States and Canada.
The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995. Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to general business conditions, the timely development and opening of new stores, the integration of acquired stores, the impact of competition, and other risks detailed from time to time in the Company"s SEC reports, including the report on Form 10K for the fiscal year ended September 29, 2002. The Company does not undertake any obligation to update forward-looking statements.
VP of Investor Relations