United Natural Foods, Inc. Announces Third Quarter Fiscal 2017 Results
Source United Natural Foods, Inc.
Delivers Q3 Fiscal 2017 Diluted EPS of $0.72; Adjusted Diluted EPS of $0.77
PROVIDENCE, R.I.--(BUSINESS WIRE)--United Natural Foods, Inc. (Nasdaq: UNFI) (the “Company” or “UNFI”) today reported financial results for the third quarter of fiscal 2017 ended April 29, 2017.
Third Quarter Fiscal 2017 Highlights
- Gross margin increased 34 basis points to 15.46% compared to the same period last fiscal year
- Earnings per diluted common share was $0.72; Adjusted earnings per diluted common share was $0.77
- Cash flow from operations was $66.2 million and capital expenditures were $17.3 million, resulting in free cash flow of $48.9 million
- Completed the integration of Haddon House Food Products into UNFI’s distribution business
“I am pleased with our team’s ability to execute and manage our business well through a deflationary and challenging retail environment,” said Steven L. Spinner, Chairman and Chief Executive Officer. “Over the past few months, we have worked diligently and made progress against our strategic initiatives, such as driving greater efficiencies across our internal operations, integrating our acquisitions and having our united sales team sell across all of UNFI’s brands.”
