WFM 10K Whole Foods Market

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The aggregate market value of all common stock held by non affiliates of the registrant as of April 12 2015 was 18 405 940 771. The number of shares of the registrant s common stock no par value outstanding as of November 11 2015 was 341 268 311. DOCUMENTS INCORPORATED BY REFERENCE, The information required by Part III of this report to the extent not set forth herein is incorporated by reference from the. registrant s definitive Proxy Statement for the Annual Meeting of the Stockholders to be held March 9 2016. Whole Foods Market Inc,Annual Report on Form 10 K,For the Fiscal Year Ended September 27 2015. Table of Contents,Item 1 Business 1,Item 1A Risk Factors 11. Item 1B Unresolved Staff Comments 14,Item 2 Properties 15. Item 3 Legal Proceedings 15,Item 4 Mine Safety Disclosures 15.
Item 5 Market for Registrant s Common Equity Related Stockholder Matters and Issuer Purchases of. Equity Securities 16,Item 6 Selected Financial Data 18. Item 7 Management s Discussion and Analysis of Financial Condition and Results of Operations 19. Item 7A Quantitative and Qualitative Disclosures About Market Risk 29. Item 8 Financial Statements and Supplementary Data 30. Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 54. Item 9A Controls and Procedures 54,Item 9B Other Information 55. Item 10 Directors Executive Officers and Corporate Governance 56. Item 11 Executive Compensation 56, Item 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder. Matters 56, Item 13 Certain Relationships and Related Transactions and Director Independence 56. Item 14 Principal Accounting Fees and Services 56,Item 15 Exhibits Financial Statement Schedules 57.
SIGNATURES 59,Table of Contents,Disclaimer on Forward looking Statements. Certain statements in this Report on Form 10 K and from time to time in other filings with the Securities and Exchange. Commission news releases reports and other written and oral communications made by us and our representatives constitute. forward looking statements within the meaning of the U S Private Securities Litigation Reform Act of 1995 These forward. looking statements are often identified by words such as anticipate believe intend estimate expect continue. could can may will likely depend would plan project predict goal target sustain seek and. similar expressions and include references to assumptions and relate to our future prospects developments and business. strategies Except for the historical information contained herein the matters discussed in this report are forward looking. statements that involve risks and uncertainties that may cause our actual results to be materially different from such forward. looking statements and could materially adversely affect our business financial condition operating results and cash flows. These risks and uncertainties include general business conditions changes in overall economic conditions that impact consumer. spending the impact of competition and other factors which are often beyond the control of the Company as well other risks. listed in Part I Item 1A Risk Factors of this report and risks and uncertainties not presently known to us or that we currently. deem immaterial We wish to caution you that you should not place undue reliance on such forward looking statements which. speak only as of the date on which they were made We do not undertake any obligation to update forward looking statements. This information should be read in conjunction with the consolidated financial statements and the accompanying notes included. in this report, Unless otherwise specified references to Whole Foods Market Company or we in this report include Whole Foods. Market Inc and its consolidated subsidiaries,Item 1 Business. Whole Foods Market is the leading natural and organic foods supermarket the first national Certified Organic grocer and. uniquely positioned as America s Healthiest Grocery Store The Company incorporated in 1978 opened the first Whole Foods. Market store in 1980 and is based in Austin Texas We completed our initial public offering in January 1992 and our common. stock trades on the NASDAQ Global Select Market under the symbol WFM. Whole Foods Market is a mission driven company that aims to set the standards of excellence in food retailing Our motto. Whole Foods Whole People Whole Planet emphasizes that our vision reaches far beyond food retailing Our success is. measured by customer satisfaction team member happiness and excellence return on invested capital active environmental. stewardship service in our local and global communities and win win supplier partnerships among other things Through our. growth we have had a significant and positive impact on the natural and organic foods movement throughout the United States. helping lead the industry to nationwide acceptance over the last 37 years. We have one operating segment natural and organic foods supermarkets We are the largest natural and organic foods supermarket. in the U S the 5th largest public food retailer and the 10th largest food retailer overall based on 2014 sales rankings from. Progressive Grocer As of September 27 2015 we operated 431 stores in the United States U S Canada and the United. Kingdom U K averaging over eight million customer visits each week Our stores average 39 000 square feet in size and. are supported by our Austin headquarters regional offices distribution centers bakehouse facilities commissary kitchens. seafood processing facilities a produce procurement center and a specialty coffee and tea procurement and roasting operation. The following is a summary of our annual percentage sales and net long lived assets by geographic area for the fiscal years. 2015 2014 2013,United States 96 9 96 7 96 7,Canada and United Kingdom 3 1 3 3 3 3. Total sales 100 0 100 0 100 0,Long lived assets net.
United States 97 4 96 0 95 7,Canada and United Kingdom 2 6 4 0 4 3. Total long lived assets net 100 0 100 0 100 0,Table of Contents. A five year summary of certain financial and operating information can be found in Part II Item 6 Selected Financial Data. of this report See also Part II Item 8 Financial Statements and Supplementary Data. Industry Overview, According to Nielsen TDLinx and Progressive Grocer the U S supermarket industry which includes conventional supermarkets. supercenters warehouse grocery stores military commissaries and limited assortment and natural gourmet positioned. supermarkets had approximately 638 3 billion in sales in 2014 a 3 increase over the prior year Within this broader category. natural product sales through retail channels were approximately 98 6 billion a 9 increase over the prior year according to. Natural Foods Merchandiser a leading trade publication for the natural foods industry We believe the growth in sales of natural. and organic foods is being driven by numerous factors including. heightened awareness of the role that healthy eating plays in long term wellness. a better educated and wealthier populace whose median age is increasing each year. a highly influential younger generation that values health sustainability organic local and ethical trade. increasing consumer concern over where and how food is produced and. various environmental concerns,Our Purpose and Core Values. We believe that much of our success to date is because we remain a uniquely mission driven company The purpose of our. business is not only to generate profits but to create value for all of our major stakeholders each of which is linked interdependently. Our Core Values succinctly express this purpose, We sell the highest quality natural and organic products available.
We satisfy delight and nourish our customers,We support team member happiness and excellence. We create wealth through profits and growth, We serve and support our local and global communities. We practice and advance environmental stewardship, We create ongoing win win partnerships with our suppliers. We promote the health of our stakeholders through healthy eating education. Our Quality Standards and Differentiated Product Offering. We believe our high quality standards differentiate our stores from other supermarkets and enable us to attract and maintain a. broad base of loyal customers Our groundbreaking quality standards ban hundreds of ingredients commonly found in other. stores as well as numerous manufacturing farming fishing and ranching practices that don t measure up Here are a few. highlights, No artificial flavors colors sweeteners or preservatives. No hydrogenated fats,No meat from animals raised with antibiotics ever.
No synthetic nitrates added to cured meat,Eggs from cage free hens. Fifty banned body care ingredients,Wild caught seafood rated for sustainability. Responsibly farmed seafood, Cleaning products with full disclosure of ingredients rated for safety and environmental impact. We offer the broadest selection of high quality natural and organic products with a strong emphasis on perishable foods An. average store carries approximately 34 000 SKUs with certain of our larger stores carrying up to 52 000 SKUs The following. is a summary of annual percentage sales by product category for the fiscal years indicated. 2015 2014 2013,Perishables,Prepared foods and bakery 19 0 19 2 19 0. Other perishables 47 5 47 6 47 2,Total perishables 66 5 66 8 66 2.
Non perishables 33 5 33 2 33 8,Total sales 100 0 100 0 100 0. Table of Contents,Certified Organic Retailer, While retailers of organic products are not required by the U S Department of Agriculture USDA to become certified Whole. Foods Market s decision to voluntarily certify all of our stores and operations shows our deep commitment to organic consumers. and to the preservation of organic integrity In 2003 we became the first national Certified Organic grocer and to this day. remain the only national supermarket with all store departments and operations certified. Whole Foods Market is certified by California Certified Organic Farmers CCOF an independent USDA accredited third. party certifier CCOF s Organic Certification Program for retailers verifies we handle organic goods according to stringent USDA. guidelines The CCOF audit process confirms that we. examine the current organic certification status of our organic products. maintain an extensive record keeping process that demonstrates a fully traceable audit trail for our organic products. ensure our organic products are appropriately protected from commingling with conventional products and contamination. with prohibited materials, train team members in the handling practices of organic product and. open our stores to on site inspections by CCOF, All Whole Foods Market retail stores in the U S are Certified Organic Additionally certain facilities and product lines have. been certified organic through their own organic handling plans including all of our regional distribution centers and several. of our bakehouses our 365 Organic Everyday Value private label product line and our Allegro Coffee line. We offer more than 25 000 unique organic SKUs company wide covering all areas of our store including produce packaged. goods bulk frozen dairy meat bakery prepared foods coffee tea beer wine cheese nutritional supplements vitamins body. care pet foods and household goods Approximately 30 of our sales outside of prepared foods and bakery were organic in. fiscal year 2015,Exclusive Brands, Our exclusive brands program which generated approximately 2 1 billion in sales in fiscal year 2015 and currently features.
approximately 5 300 SKUs is a key component of our value platform and essential to our product innovation and differentiation. strategy Led by our 365 Everyday Value brand exclusive brands accounted for approximately 14 of total retail sales in fiscal. year 2015 up from 13 of total retail sales in fiscal year 2014 Approximately 45 of our exclusive brand offerings are either. certified organic or Non GMO Project Verified Other exclusive brands include but are not limited to Allegro Coffee Whole. Foods Market Whole Paws and Engine 2 Plant Strong Notable product launches in fiscal year 2015 included over 100 new. and re branded dietary supplements pollinator friendly almonds and almond butters a collection of organic barbecue sauces. each with a unique regional flavor a collection of body care products for babies and an expanded item assortment for the holiday. season In addition to our exclusive brands we regularly offer more than 550 temporary exclusives which are branded products. that are unique to Whole Foods Market in terms of flavor size or other attributes. Health Starts Here, We believe our Health Starts Here program and our positioning as America s Healthiest Grocery Store are key competitive. advantages Health Starts Here is a mindful approach to healthy eating rooted in four simple principles to build better meals. Focus on Whole Foods Eat Plant Strong Choose Healthy Fats and Consider Nutrient Density The nutritional guidelines for. this program were created by doctors and registered dietitians based on scientific research as well as guidelines proposed by the. USDA U S Food and Drug Administration FDA World Health Organization and American Heart Association To help. customers find the most health promoting foods in our stores products that meet these guidelines in our salad and hot bars. Title WFM 10K 2015 Created Date 11 13 2015 10 14 00 AM

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