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United Natural Foods, Inc. Releases Second Quarter Fiscal 2022 Results; Sandy Douglas Comments

United Natural Foods, Inc. Releases Second Quarter Fiscal 2022 Results; Sandy Douglas Comments


PROVIDENCE, RI
Wednesday, March 16th, 2022

Companies like United Natural Foods, Inc. (UNFI) are continuing to aid the industry throughout the challenges we currently face. As the distributor worked with its partners through inflation, shipping backlogs, and shortages in the supply chain, UNFI has shown it has come out ahead. Recently, the company released its Q2 fiscal 2022 report, detailing a more than $500 million boost in sales from the year prior.

Sandy Douglas, Chief Executive Officer, United Natural Foods, Inc.“Our second quarter sales were the highest in UNFI’s history as our customers provided the products consumers sought for their winter holiday occasions. Despite accelerating inflation and supply chain concerns, UNFI continues to remain agile to provide the best possible service to our customers,” said Sandy Douglas, Chief Executive Officer. “We are optimistic toward the second half of the fiscal year as our Fuel the Future strategy continues to deliver real value and best positions our customers for success in today’s unpredictable environment.”

The Q2 report reflected the 13 weeks ending January 29, 2022. UNFI revealed it saw its net sales total $7.4 billion, an increase of 7.5 percent from the $6.9 billion recorded during the same period last year. In addition to this rise in sales, UNFI also noted other highlights including:

  • Net income of $66 million, an increase of 11.9 percent
  • Earnings per diluted share (EPS) of $1.08, an increase of 8.0 percent
  • Earned Top Score in Human Rights Campaign Foundation’s 2022 Corporate Equality Index
  • Raised outlook for net sales

With the release of its second quarter fiscal 2022 report, UNFI has revealed a $500 million boost in sales to over $7.4 billion

To learn more, click here for a recording of the conference call and audio webcast held on March 9.

As we make our way into the thick of 2022, stay tuned to discover the players and up-and-comers making waves in the industry.

United Natural Foods, Inc.
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