US distributor United Natural Foods (UNFI) has booked an increase in earnings for fiscal 2012.
In the 12 months ended 28 July, net profit amounted to US$91.3m compared to $76.7m a year earlier, the company reported today (11 September).
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Operating income climbed 19.7% to reach $25.5m, resulting in an operating margin of 3%
Net sales totalled $5.24bn, a 15.6% increase over the prior fiscal year.
“Fiscal 2012 was another record year for us as we continued to achieve substantial sales and earnings growth,” said CEO Steven Spinner. “Demand for our products and services continued to accelerate as our teams executed quite well against our ongoing strategies for growth. We look forward to building on these trends in fiscal year 2013.”
Separately, the company announced plans to plans to consolidate its four existing Denver-based distribution facilities into a new 535,000sq ft plant in Colorado.
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By GlobalDataThe new facility, which is expected to commence operations in the summer of 2013, is being opened as part of the company’s focus on enhancing efficiencies, it said.
No job cuts are expected to be made as a result of the consolidation.
