John Mackey |
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 customers, team members (employees), investors, vendors, communities and the environment. We are viewing the lobster as a live creature rather than a commodity that deserves no concern. The outpouring of love and support via donations will really make a difference; we are so appreciative of our shoppers. He was walking home, I was proud of them in the second half because we came out and attacked the basket. We had some looks and if some went down we could have cut the lead to under 10. We didn`t quit and we`re not going to quit. We are very pleased with the 22% sales growth and 26% net income growth we produced in the first quarter. Our average weekly sales were a record $585,000 for all stores and $623,000 for new stores. Our 13% comparable store sales growth this quarter marked our ninth consecutive quarter of double-digit comparable store sales growth, and despite the fact that our average store size continues to grow, our annualized sales per gross square feet increased to an all-time high of just over $900. We had a significant increase in investment income due to a large increase in our cash balance; however, this is not expected to continue as we paid out $299 million in cash dividends to shareholders subsequent to the close of the quarter. Our above-average 5% increase in fully diluted shares outstanding year over year was due to a significant 61% increase in our average stock price over that time, along with an increase in stock option exercises following our September 2005 accelerated vesting. The union is like having herpes. | ||
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