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RBC Capital Raises Price Target on United Natural Foods (UNFI) to $34 Following 4Q Report

Go back to RBC Capital Raises Price Target on United Natural Foods (UNFI) to $34 Following 4Q Report

United Natural Foods, Inc. Announces Fiscal 2016 Fourth Quarter and Full Fiscal Year Results and Fiscal 2017 Guidance

September 12, 2016 4:05 PM EDT

Reports Q4 Fiscal 2016 Diluted EPS of $0.69 and Fiscal 2016 Diluted EPS of $2.50

PROVIDENCE, R.I.--(BUSINESS WIRE)-- United Natural Foods, Inc. (Nasdaq: UNFI) (the "Company") today reported financial results for the fourth fiscal quarter and fiscal year ended July 30, 2016.

Fourth Quarter and Full Year Fiscal 2016 Highlights

Net sales for the fourth quarter of fiscal 2016 increased 7.4% to $2.21 billion compared to $2.06 billion for the same period last fiscal year Net sales for fiscal 2016 increased 3.5% to $8.47 billion compared to $8.18 billion in fiscal 2015... More