UNFI Announces Third Quarter Fiscal 2012 Results


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Sat. June 9th, 2012 - by Jordan Okumura-Wright

<p><strong> Providence, RI</strong><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">United Natural Foods, Inc. has reported its third quarter and year-to-date, fiscal 2012 results. Net sales for the third quarter of fiscal 2012 which ended April 28, 2012 were $1.39 billion, a 15.3%, increase when compared to $1.20 billion from the third quarter of fiscal 2011. Net income for the third quarter of fiscal 2012 increased by $5.7 million, or 24.3%, to $29.0 million or $0.59 per diluted share, from $23.4 million, or $0.48 per diluted share, for the third quarter of fiscal 2011, according to a press release.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">"Continued demand for UNFI's products and services drove our 15.3% net sales growth during the fiscal third quarter," said Steven Spinner, UNFI's President and Chief Executive Officer. "Our results demonstrate UNFI's continued commitment to growing at a rate that exceeds the industry while delivering exemplary customer service to the organic and specialty foods retailer."<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">United Natural Foods’ net sales for the year-to-date, or the nine months that ended April 28, 2012 totaled $3.89 billion, a 15.5% increase over the comparable period for the previous year.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">"Our associates' continued efforts towards productivity improvements combined with our strong sales volume contributed to our operating margin expansion in the quarter," added Mr. Spinner. "We believe our year to date results have left us in a solid position to achieve our operating result targets for fiscal 2012, which supports our revised fiscal 2012 guidance."<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" https://www.unfi.com/Default.aspx" target="_new"> United Natural Foods, Inc. </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">