US: United Natural Foods books rising Q4 profits, sales
US grocery distributor United Natural Foods (UNFI) today (8 September) posted rising fourth-quarter earnings and sales, closing a year in which profits and revenue increased.
The company booked net income of US$17.6m for the three months to 31 July, against $15.5m a year earlier.
Fourth-quarter net sales jumped 15.8% to $988.5m. On an organic basis, excluding a contribution from the recently-acquired SunOpta business in Canada, net sales rose 13.2% to $966.4m.
"During the fourth quarter, our sales growth continued to accelerate as our business continued to experience strong growth," said president and CEO Steven Spinner.
Annual net income stood at $68.3m, compared to $59.2m the year before. Net sales climbed 8.7% to $3.76bn.
Click here for the full earnings statement from UNFI.
The chief executive of United Natural Foods (UNFI) has pointed to the US grocery distributor's "sales strength" after the company generated US$1bn of sales in a quarter for the first time....
Canada-based natural and organic food group SunOpta has struck a deal to buy US cereal-bar manufacturer Edner of Nevada....
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