UNFI Reports Record Year


Tue. September 11th, 2012

<p><strong>Providence, RI</strong><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">United Natural Foods has announced its Q4 and Fiscal 2013 results. The company reports a fiscal 2012 net sales increase of 15.6% compared to Fiscal 2011. Fourth quarter fiscal 2012 net sales increased 16% compared to the similar period last year. According to a press release, the company’s operating margin improved ten basis points to 3%, or nine basis points to 3.1% excluding restructuring and onboarding expenses.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">President and CEO Steven L. Spinner states, “Fiscal 2012 was another record year for us as we continued to achieve substantial sales and earnings growth. Demand for our products and services continued to accelerate as our teams executed quite well against our ongoing strategies for growth. We look forward to building on these trends in fiscal year 2013.”<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The company expects net sales in the range of about $5.88 to $5.98 billion for fiscal 2013, amounting to a 12.3% to 14.2% increase over fiscal 2012.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" https://www.unfi.com" target="_new"> United Natural Foods</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">