Global Organic Food Market Boom

November 7, 2013 by Leave a Comment

The organic food industry is expected to expand exponentially. Transparency Market Research (TMR), a market intelligence company, mentioned that a few key leaders in the industry include Hain Celestial Group Inc., Whole Foods Market Inc., The Kroger Co., Amy’s Kitchen and Organic Valley.

Now more than ever  Americans, especially, are concerned with health issues across the board including environmental safety, animal welfare and food quality. Increases in awareness about organic food benefits, worldwide organic farming, the number of retailers providing organic products and implementation of government regulations are attributed to the global organic food market expansion.

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Starbucks’ Record-High EPS

November 6, 2013 by Leave a Comment

Starbucks’ Q4 report showed a 37% percent increase in earnings per share, and revenue rose 13% to $3.8 billion, according to a company press release.

“The fourth quarter of fiscal 2013 capped off by far the best year in Starbucks’ 42-year history,” claimed Howard Schultz, chairman, president and CEO of Starbucks Coffee Company. “Our results were driven by disciplined, ongoing efforts to elevate the value and relevance of the Starbucks brand, continued innovation and the success of our efforts to deepen our connection to customers and communities around the world.”

The already omnipresent coffee conglomerate plans to open an additional 1,500 stores and get EPS in the $2.55 to $2.65 range in 2014. Things are only looking up for the lucrative company; Teavana, recently acquired by Starbucks, will open one-thousand tea bars over the next decade. Starbucks’ subsidiary Evolution Fresh entered a partnership with Whole Foods Market which will allow the supermarket chain to sell Evolution Fresh juice and Evolution Harvest snack bars.

Starbucks’ expansion to the tea, juice and snack markets will almost guarantee a long future of continued revenue growth.

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Starbucks to Offer Evolution Fresh Juices and Snacks at Whole Foods

August 29, 2013 by Leave a Comment

Starbucks announced this week that it plans to sell its line of Evolution Fresh cold-pressed juices at Whole Foods Markets nationwide.  Retail prices for the juices will be between $2.99 and $6.99 for a 15-ounce bottle.  Appearing on store shelves as early as this week, the initial offerings will include 12 popular blends, as well as two exclusive creations.

Starbucks will also introduce Evolution Harvest, a line of snacks including fruit snacks, trail mix, and nutrition bars, into Whole Foods Markets.   The Evolution Harvest line will also be available in Starbucks retail locations later this year.

Starbucks acquired Evolution Fresh in 2011 with the goal of offering its products in 8,000 retail and grocery outlets by the end of 2013.

For the full story, click here.

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Whole Foods Markets Makes #19 on Fortune’s Most Admired Companies List

February 28, 2013 by Leave a Comment

Whole Foods Market ranks No. 19 on FORTUNE magazine’s 2013 “World’s Most Admired Companies” list. The only grocer on the list, the company is also named as the Most Admired Company in the food and drug store industry, leading the top ten list of retailers in the category.

“The health-food pioneer continues to rack up record sales, and has plans to nearly triple U.S. its store count,” reported the magazine, noting that Whole Foods Market “earns high marks from customers (and analysts) for quality that keeps its patrons loyal…”

Whole Foods Market is ranked in the top ten for innovation, social responsibility, employee retention and product quality. The only company from Austin to make the list, Whole Foods Market is one of three Texas-based companies included in the top 50 this year.

The list and related stories appear in the March 18 issue of FORTUNE.

To complete the survey, Fortune’s survey partner, Hay Group started with approximately 1,400 companies: the Fortune 1,000 — the 1,000 largest U.S. companies ranked by revenue and non-U.S. companies in Fortune’s global 500 database with revenue of $10 billion or more. Hay then selected the 15 largest for each international industry and the 10 largest for each U.S. industry, surveying a total of 687 companies from 30 countries. To create the 57 industry lists, Hay asked executives, directors, and analysts to rate companies in their industry on nine criteria, from investment value to social responsibility. A company’s score must rank in the top half of its industry survey to be listed.

To arrive at the top 50 Most Admired Companies overall, the Hay Group asked the 3,800 respondents to select the 10 companies they admired most, from a list made up of the companies that ranked in the top 25% in last year’s survey, plus those that finished in the top 20% of their industry. Anyone could vote for any company in any industry, which is why some results may seem anomalous.

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