United Natural Foods has reaped the benefits of consumer demand for “better-for-you”, organic and natural products with a lift in sales and profit in the third quarter of 2014.
For the three months ended 3 May 2014, the firm reported an increase in net income to US$36.39m from $31.3m for the same period a year earlier. Operating income was also up to $62.6m from $53.8m.
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Sales increased 13.8% during the period to $1.78bn, also helped by the acquisition of Trudeau in the first quarter of the year.
Shares in United Natural Foods were up today (11 June) to $68.50 per share at 13.08 (GMT).
