Amrion
This article was originally published in The Tan Sheet
Executive Summary
Sales outside Whole Foods stores for the quarter ended April 11 decline to $17.5 mil., compared to roughly $20 mil. last year. Income before taxes is about $2 mil., down from approximately $3 mil. in the year-ago period. In a May 6 conference call, Whole Foods Chairman and CEO John Mackey attributes $2 mil. of the decline in sales and $600,000 in the decline in pre-tax income to "continued weakness in sales in Russia." Austin, Tex.-based Whole Foods Market, Inc. purchased Amrion in June 1997 for $146 mil. in stock ("The Tan Sheet" June 16, 1997, p. 26)