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United Natural Foods, Inc. Reveals Third Quarter Fiscal 2022 Results; Sandy Douglas Discusses

United Natural Foods, Inc. Reveals Third Quarter Fiscal 2022 Results; Sandy Douglas Discusses


PROVIDENCE, RI
Wednesday, June 8th, 2022

United Natural Foods, Inc. (UNFI) is ending its third quarter of fiscal 2022 with a bang as it revealed several growth accomplishments. With its business prowess and strength continuing to rise, the distributor revealed it had increased net sales of $7.2 billion for Q3, a 9.2 percent increase from third quarter fiscal 2021, amongst other key developments.

Sandy Douglas, Chief Executive Officer, United Natural Foods, Inc.“Our third quarter performance further demonstrates UNFI’s agility and its focus on servicing customers despite a challenging operating environment. It’s apparent that our Fuel the Future strategy is working and beginning to benefit our customers,” said Chief Executive Officer, Sandy Douglas. “As we look toward a successful end to our fiscal year, we continue to make progress in simplifying our business and focusing resources on the most important areas that create value for our customers, suppliers, and shareholders.”

UNFI also revealed in its fiscal release other highlights, including:

  • Net income of $67 million, an increase of 39.6 percent
  • Earnings per diluted share (EPS) of $1.10, an increase of 37.5 percent
  • Adjusted EBITDA of $196 million, an increase of 5.9 percent

Reporting its financial results for the quarter, the distributor announced increased net sales of $7.2 billion amongst other key developments

Due to these positive results, UNFI has updated its full-year outlook for net sales, net income, EPS, Adjusted EBITDA, and Adjusted EPS.

To read the results in full and see UNFI’s updated outlook, click here.

What does Q4 hold for UNFI and our industry? Keep reading as we report on the latest.

United Natural Foods, Inc.
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