Whole Foods CEO: We Have Tremendous Momentum
Concerns about Europe and unemployment aren’t affecting Whole Foods, CEO Walter Robb told “Mad Money” host Jim Cramer Wednesday.
“We’ve got tremendous momentum right now,” he said, noting the company has seen eight quarters of increasing sales.
Robb also sees tremendous growth ahead, telling Cramer the company plans to open 1,000 stores in the U.S. alone.
He credits Whole Foods “high quality standards” along with its competitive pricing.
“We are way more competitive than we were a few years ago,” he said. “Value matters to people right now … but they are also looking for quality.”
While Robb doesn’t discount the recent macroeconomic concerns, he sees a “real disconnect between capital markets and the business I see on the ground.”
“Our [business] is healthy. We are strong,” he said.
Call Cramer: 1-800-743-CNBC
Questions for Cramer? email@example.com
Questions, comments, suggestions for the Mad Money website? firstname.lastname@example.org