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Company Interview Excerpt
SONJA TUITELE - WILD OATS MARKETS INC (OATS)


Full article published: 02/25/2002


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TWST: Can we start out with a history and overview of Wild Oats?
Ms. Tuitele: Wild Oats was founded in 1987 by Mike Gilliland and Elizabeth Cook, with the purchase of a single natural food store in Boulder, Colorado, called Crystal Market. Since then, the company has grown to be the second-largest national natural and organic foods retailer. We currently operate 103 stores in 23 states and British Columbia, Canada. We have annual sales of nearly 900 million, we participate in a rapidly growing industry and we have a new management team in place that brings extensive food retail industry knowledge to the company. So, we really expect the next few years to be a period of growth for the company.

TWST: How do you define natural foods?
Ms. Tuitele: We have among the most rigorous product standards in the industry. This includes no artificial additives, colorings, flavorings or preservatives. We try to avoid partially hydrogenated oils and source organic ingredients whenever possible. Our private label products contain no genetically modified organisms to the extent possible, and the meat products in our meat and deli cases are free of antibiotics and growth hormones. All of our suppliers have to go through our rigorous quality assurance process before we'll approve products to come into our stores.

 

Tickers included in this excerpt: OATS

 

For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.