UNFI outlines fiscal ’16 guidance

UNITED NATURAL Foods Inc. is anticipating net sales in the range of $2.06 billion in the fourth quarter, a 17 percent increase over the prior year quarter. / COURTESY UNITED NATURAL FOODS INC.
UNITED NATURAL Foods Inc. is anticipating net sales in the range of $2.06 billion in the fourth quarter, a 17 percent increase over the prior year quarter. / COURTESY UNITED NATURAL FOODS INC.

PROVIDENCE – United Natural Foods Inc. is anticipating net sales of roughly $2.06 billion in the fourth quarter, a 17 percent increase over the prior-year quarter, and earnings per share between 72 and 73 cents.
It said that net sales for fiscal 2015 are expected to be approximately $8.2 billion, a 20 percent increase compared with the prior-year period. Earnings per share are expected to be between $2.76 and $2.77, instead of $2.75 to $2.79 as previously announced.
The company, which carries and distributes more than 80,000 products to more than 40,000 customers throughout the United States and Canada, expects to release its fourth-quarter earnings report and full-year fiscal 2015 results on Sept. 14.
UNFI said it also does not plan to release preliminary financial information on an ongoing basis.
As for fiscal 2016, which ends July 30, the company expects net sales ranging from $8.5 billion to $8.7 billion, a 4 to 6 percent increase compared with fiscal 2015. Earnings per share are estimated to be between $2.80 and $2.93, above fiscal 2015’s expected $2.76 and $2.77.
Capital expenditures are expected to be between $49 million and $59 million, or approximately 0.6 percent to 0.7 percent of estimated fiscal 2016 sales.

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