RBC Capital Cuts PT on United Natural Foods (UNFI) Post Q1; Guidance Still Too Ambitious

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Go back to RBC Capital Cuts PT on United Natural Foods (UNFI) Post Q1; Guidance Still Too Ambitious

United Natural Foods, Inc. Announces First Quarter Fiscal 2016 Results

December 7, 2015 4:05 PM EST

Q1 Fiscal 2016 Net Sales Increased 4.2% Compared to Q1 Fiscal 2015; Adjusted Net Sales Increased 6.8% over Same Period

Announces Approximately $785 Million Per Year of Contract Renewals

PROVIDENCE, R.I.--(BUSINESS WIRE)-- United Natural Foods, Inc. (Nasdaq: UNFI) (the "Company" or "UNFI") today reported financial results for the first quarter of fiscal 2016 ended October 31, 2015 and updated its fiscal 2016 guidance.

First Quarter Fiscal 2016 Highlights

Net sales increased 4.2% to $2.08 billion compared to $1.99 billion for the same period last fiscal year. Excluding the... More