Despite Lower Income, UNFI Continues 'Strong' Sales Growth in Q4
DAYVILLE, Conn. -- United Natural Foods, Inc. (UNFI) Friday reported net income of $13.1 million, or 31 cents per diluted share, for the fourth quarter of fiscal 2007 ended July 28, 2007, a rise of 3.5 percent from net income of $12.7 million, or 30 cents per diluted share in the year-ago period. The distributor posted fourth-quarter net sales of $706.8 million, an increase of $87.0 million, or 14.0 percent, from the $619.8 million of net sales recorded last year.