UNFI nets $130.2M for FY2017

PROVIDENCE – United Natural Foods Inc. reported net income for its fiscal 2017 period of $130.2 million, an increase of 3.5 percent, on net sales of $9.3 billion, itself a gain of 9.5 percent on fiscal 2016 results. Earnings per diluted share came to $2.57, an increase from fiscal 2016’s $2.50 per diluted share.

For the three months ended July 29, the organic and natural foods distributor posted net income of $38.9 million, an increase of 12.1 percent, as net sales increased 5.7 percent to $2.3 billion. Earnings per diluted share were 77 cents, compared with 69 cents in the same 2016 period.

“Our performance in fiscal 2017 demonstrated our steadfast focus on serving our customers and managing our business in a challenging and deflationary operating environment,” said Steven L. Spinner, chairman and CEO of UNFI. “I am proud of UNFI’s accomplishments in fiscal 2017, including the integration of four acquisitions and growth with our united sales force and differentiated service offerings. As we enter fiscal 2018, we are well positioned to drive efficiencies, and grow with new and existing customers this year and beyond,” added Spinner.

Chris Bergenheim is the PBN web editor.

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