Whole Foods Market (WFM) announced its 4Q15 and 2015 fiscal earnings on November 4, 2015 (year end September 27). According to a report by Market Realist, WFM had $15.3 billion in sales for the whole year, an 8.4% rise. However, at the end of this last quarter, they took a 56% hit in net profit, earning $56 million, compared to $128 million this quarter last year. The hit in net profit was due in part to increased operating expenses which grew 3% since 4Q14 to 32%.
Washington, D.C.—The U.S. Department of Agriculture (USDA) and Environmental Protection Agency (EPA) have set the country’s first national food waste reduction goal, which aims to reduce food loss and waste by 50 percent by 2030.