United Natural Foods profit up 20%

UNITED NATURAL GOODS reported a net profit increase of about 20 percent in the third quarter.
Posted 6/2/11

PROVIDENCE – United Natural Foods, distributor of natural, organic and specialty foods and nonfood products in the United States and Canada, reported a profit of $23.4 million in it fiscal third quarter, an increase of 19.9 percent from a year earlier.

Earnings per diluted share for the three months ended April 30 were 48 cents, compared with a 45 cent EPS a year earlier.

Sales were $1.2 billion, up 22.1 percent from third quarter 2010 when sales totaled $985.7 million, bolstered by recent acquisitions.

Analysts had estimated an EPS of 48 cents on sales of $1.17 billion, according to Yahoo!Finance.

“During the quarter we continued to see strong demand for UNFI’s products across our customer channels and delivered strong earnings growth despite tough comparisons versus the prior year and increasing fuel costs,” said Steven Spinner, president and CEO.

Gross margin improved 33 basis points to 18.2 percent in the third quarter from 17.8 percent in the second quarter, although it fell 36 basis points when compared with the year-earlier period. The company attributed the decline to a “continued shift in the company’s customer mix.”

Operating expenses decreased to 14.9 percent for third quarter, it said.

For the first nine months of fiscal 2011, sales totaled $3.37 bullion, up 21.8 percent from the same period a year earlier, with earnings per diluted share totaling $1.25.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News