UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 3, 2014
Whole Foods Market, Inc.
(Exact name of registrant as specified in its charter)
Texas | 000-19797 | 74-1989366 |
(State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
550 Bowie Street Austin, Texas |
78703 |
(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (512) 477-4455
________________________________________________________________________________
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
[ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
[ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
On February 3, 2014, the Company issued a press release announcing the acquisition from Safeway Inc. of seven leases for locations formerly operated as Dominick's stores.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release dated February 3, 2014, regarding acquisition of leases.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Whole Foods Market, Inc.
(Registrant) |
||
February 3, 2014
(Date) |
/s/ GLENDA FLANAGAN
Glenda Flanagan Executive Vice President and Chief Financial Officer |
EXHIBIT 99.1
AUSTIN, Texas, Feb. 3, 2014 (GLOBE NEWSWIRE) -- Whole Foods Market, Inc. (Nasdaq:WFM) today announced the acquisition of leases from Safeway Inc. for seven locations formerly operated as Dominick's stores. Terms of the agreement were not disclosed.
"We are incredibly excited about this opportunity to quickly and significantly expand our presence in the greater Chicago area," said Michael Bashaw, Whole Foods Market Midwest Regional President. "These locations fit well with our 19 existing stores as well as the three stores currently in development. We plan to remodel each store to reflect its community and look forward to offering fresh, natural and organic foods to a broader base of Chicago customers."
The Company expects the locations to remain closed for remodeling in 2014 and re-open as new Whole Foods Market stores in 2015. The transaction is expected to be slightly dilutive to earnings per share in fiscal year 2014, primarily due to the pre-opening rent associated with these new leases. The Company will announce its first quarter earnings on February 12, 2014 and will offer additional information at that time.
The leases are for the following locations:
• | Edgewater | 6009 N. Broadway Avenue |
• | Lincoln Park | 959 W. Fullerton Avenue |
• | Streeterville | 255 E. Grand Avenue |
• | West Loop | 1 N. Halsted Avenue |
• | Elmhurst | 215 S. Route 83 |
• | Evanston | 2748 Green Bay Road |
• | Willowbrook | 6300 S. Kingery Highway |
The Company has three stores in development in the Hyde Park and Englewood neighborhoods of Chicago and in Lake Forest with openings scheduled through calendar year 2017.
About Whole Foods Market
Founded in 1980 in Austin, Texas, Whole Foods Market (wholefoodsmarket.com) is the leading retailer of natural and organic foods and America's first national "Certified Organic" grocer. In fiscal year 2013, the Company had sales of approximately $13 billion and currently has over 370 stores in the United States, Canada, and the United Kingdom. Whole Foods Market employs over 78,000 team members and has been ranked for 17 consecutive years as one of the "100 Best Companies to Work For" in America by Fortune magazine.
CONTACT: Cindy McCann VP of Investor Relations (512) 542-0204