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UNFI sales, profit rise in 3Q

COURTESY UNITED NATURAL FOODS INC.
PROFIT FOR UNITED Natural Foods Inc. rose 8.9 percent during the third quarter of 2013.
Posted 5/29/13

PROVIDENCE - United Natural Foods Inc.’s bottom line rose 8.9 percent year over year during the three months ended April 27, and 14.5 percent year over year for the first three quarters of its fiscal year, the company announced after close of business on Tuesday.

UNFI’s net income for the quarter totaled $31.6 million, or 64 cents per diluted share, from $29 million, or 59 cents per diluted share, a year earlier.

Year-to-date, the company’s profit came to $75.8 million, or $1.53 per diluted share, a 14.5 percent increase from the $66.2 million, or $1.35 per diluted share, during the same period in the 2012 fiscal year.

United Natural Foods also saw its sales rise 12.8 percent and 13.6 percent, during the quarter and the nine-month period, respectively.

For the three months ended April 27, UNFI registered $1.57 billion in sales, while for the first nine months of the company’s fiscal year sales rose to $4.42 billion from $3.89 billion in 2012.

“We are pleased to report increased top and bottom line results in the third quarter of fiscal 2013, underscoring the continued demand for our products and services,” Steven Spinner, president and CEO of UNFI, said in a statement.

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