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).
Go deeper with GlobalData
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.”
See Also:
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.
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 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.
