RBC Keeps United Natural Foods (UNFI) at 'Sector Perform' Following Q1 Report; Notes Cloudier Visibility
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United Natural Foods, Inc. Announces First Quarter Fiscal 2017 Results
December 7, 2016 4:05 PM ESTQ1 Fiscal 2017 Net Sales Increased 9.7% Compared to Q1 Fiscal 2016
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 2017 ended October 29, 2016.
First Quarter Fiscal 2017 Highlights
Net sales increased 9.7% to $2.28 billion compared to $2.08 billion for the same period last fiscal year; adjusted net sales increased 12.9%, excluding the year-over-year impact of the previously disclosed termination of a customer distribution contract Gross margin increased 20 basis... More