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.
UNFI posted a 19% rise in first-quarter net sales to US$1.05bn for the three months to 30 October.
Go deeper with GlobalData
The recent acquisition of SunOpta‘s distribution business in Canada and UNFI’s extended distribution deal with US organic retailer Whole Foods Market. However, excluding those transactions, UNFI’s sales were up 12.3% to $993.6m.
UNFI’s operating income climbed 9% to $29.7m. The company’s net income rose 12% to $17.4m.
“The operating results for our fiscal 2011 first quarter reflect the sales strength we continue to achieve across our distribution channels,” said UNFI president and CEO Steven Spinner.
See Also:
Click here for the full statement from UNFI.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
