While dining at Whole Foods last night I noticed a posted sign explaining how certain days are designated '5% Days', where 5% of the daily profits are donated to a designate charity. The tally from the most recent 5% Day donated @ $5200 to charity. Some quick back of the napkin math led me to realize the daily profit of the Alexandria Whole Foods is @ $100,000 (with a minor subtraction for any profit bump on the day of the charity donation).
Can a Whole Foods really have a $36.5M profit for the year? What am I missing?
Update: WF sells beer/win, which makes a daily profit of $100K more feasible. What are other high-margin WF items? Fruit? Organic items?
1 comment:
Thats an easy one...you were eating the profits...all the pre-made food, and the salad bars reap huge profits!
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