The Minneapolis Star Tribune has a snippet from an investor call conducted by Whole Foods co-president/COO Walter Robb, in which he argues that organic food growth is going to continue, despite the impact of the recession:
“Organic remains a strong part of the business, and I think the trend association just released new data on the size of the organic industry at $26 billion for the growth rate of 5 to 6 percent. Our own internal numbers show very clearly that. And you can look at the Nielsen numbers too - organic dollars and units, while they're down from historical double-digit results, are still well ahead of conventional growth rates.”
“Organic remains a strong part of the business, and I think the trend association just released new data on the size of the organic industry at $26 billion for the growth rate of 5 to 6 percent. Our own internal numbers show very clearly that. And you can look at the Nielsen numbers too - organic dollars and units, while they're down from historical double-digit results, are still well ahead of conventional growth rates.”
- KC's View:
