John Mackey
👤 SpeakerAppearances Over Time
Podcast Appearances
But that led to Jana taking this position.
And then we needed to lower our prices, but we needed time to do that.
Because you're selling something for a dollar and you start to sell it for 90 cents.
In the short run, your sales just dropped 10% if everything went down 10%.
Your same store sales dropped, went negative 10%.
Your profits probably dropped 30% or 40%.
And that's going to freak out Wall Street.
And so then you're playing into Jana's hands.
Then it's going to like, these people are wrecking the business.
We need to take it over.
So we needed time to do that.
We weren't going to have time with Janet as investors.
So then we looked.
Maybe we could find somebody friendly to buy it.
So we talked to Warren Buffett.
And Warren, he knew all about Whole Foods, but he made a joke, which was pretty funny.
He said, you know, we own Dairy Queen.
Right.
And I'm famous for my junk food eating.
John, this is not a good brand fit for me.