United Natural Foods (UNFI) Reports In-Line Q2 EPS; Acquires Certain Assets of Global Organic

March 7, 2016 4:10 PM

United Natural Foods (NASDAQ: UNFI) reported Q2 EPS of $0.49, in-line with the analyst estimate of $0.49. Revenue for the quarter came in at $20.5 billion versus the consensus estimate of $2.05 billion.

Acquisition of Global Organic/Specialty Source, Inc.

The Company today announced that through its wholly owned subsidiary Albert's Organics, Inc. ("Albert's"), it had acquired certain assets of Global Organic. Founded in 1999, Global Organic is a premier distributor of organic fruits, vegetables, juices, milk, eggs, nuts, and coffee in the Southeast, with primary operations located within the same facility as UNFI in Sarasota, Florida. Global Organic's operations will be combined with the Company's existing Albert's business in the Southeast.

GUIDANCE:

United Natural Foods sees FY2016 EPS of $2.34-$2.44, versus the consensus of $2.42.

For earnings history and earnings-related data on United Natural Foods (UNFI) click here.

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Corporate News Earnings Guidance Mergers and Acquisitions

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