United Natural Foods, Inc. Announces First Quarter Fiscal 2012 Results
Q1 FISCAL 2012 NET SALES INCREASED BY 15.6% OVER Q1 FISCAL 2011 TO $1.2 BILLION
PROVIDENCE, R.I., Nov. 30, 2011 /PRNewswire/ --
Highlights
•Net income of $15.2 million for the first quarter of fiscal 2012, or $19.4 million excluding restructuring and onboarding expenses
•Diluted EPS of $0.31 for the first quarter of fiscal 2012, or $0.40 excluding restructuring and onboarding expenses
United Natural Foods, Inc. (Nasdaq: UNFI) today reported that net sales for the first quarter of fiscal 2012 ended October 29, 2011 totaled $1.217 billion, an increase of 15.6%, or $164.5 million, over the $1.053 billion in net sales recorded in the first quarter of fiscal 2011. Excluding the impact of sales related to the Company's prior year acquisition of certain inventory and distribution assets of Whole Foods Market, Inc., which generated incremental net sales of approximately $25.4 million during the first quarter of fiscal 2012, first quarter fiscal 2012 net sales increased by 13.2%, or $139.1 million, to $993.6 million.
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