UNFI Reports Third Quarter Earning
UNFI Third Quarter Highlights
- Net sales increased 0.3% to $889.5 million compared with the third quarter of fiscal 2008
- Net sales increased 3.3%, excluding the impact of UNFI Specialty
- Net income totaled $16.8 million
June 2, 2009: UNFI today reported net sales for the third quarter of fiscal 2009, ended May 2, 2009, of $889.5 million, an increase of approximately $2.6 million, or 0.3%, from net sales of $887.0 million recorded in the third quarter of fiscal 2008. Excluding the impact in both periods of the UNFI Specialty Distribution Services division ("Specialty"), which the Company acquired in the second quarter of fiscal 2008, net sales increased by approximately $26.5 million, or 3.3%, to $836.2 million.
"Our record earnings in the third quarter reflect our continued focus on cash flow, market share and the further expansion and integration of our specialty business. We continued to benefit from lower diesel fuel costs, while improved operational efficiencies and expense control by all of our associates resulted in earnings that represented a 30% increase over the third quarter of fiscal 2008," said Steven Spinner, President and Chief Executive Officer.
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