Only grocery retailer and only company headquartered in Austin, TX to make this year’s list
AUSTIN, Texas., 2015-9-11 — /EPR Retail News/ — Whole Foods Market (NASDAQ: WFM) today has been named among the 100 Most Innovative Companies in 2015 by Forbes magazine. It is both the only grocery retailer and the only company headquartered in Austin, Texas to make Forbes’ 2015 World’s 100 Most Innovative companies list.
Forbes ranks companies by their “innovation premium,” calculated first by projecting a company’s income (cash flows, in this case) from its existing businesses and look at the net present value (NPV) of those cash flows. Forbes then compares this base value of the existing business with the current Enterprise Value (EV): Companies with an EV above the base value have an innovation premium built into their stock price. More details on Forbes’ ranking methodology is available here.
Whole Foods Market ranked 50th of 100 on this year’s list, with an “innovation premium” score of 46.85 percent.
Other accolades the company has received in 2015 include:
- Fortune magazine ranked Whole Foods Market No. 30 on its list of 50 companies that “Change the World” by being at the forefront of food consciousness, noting the company’s role in creating the market for natural, healthy food.
- Greenpeace named Whole Foods Market the top retailer for seafood sustainability in the nonprofit’s annual ranking of U.S. supermarkets. Whole Foods Market has topped the seafood sustainability list for three consecutive years.
- Reputation Institute ranked Whole Foods Market America’s third most reputable company in the retail industry and the third-strongest retail brand in America.
- Compassion in World Farming recognized Whole Foods Market with a Good Sow Commendation and Global Good Egg Award for the company’s animal welfare efforts.
- The Better World Shopping Guide awarded Whole Foods Market an “A” rating in its latest edition.