United Natural Foods reported financial results for the third quarter of fiscal 2014 ended May 3, 2014.
Net sales increased 13.8%, or $215.5 million, to $1.78 billion for the third quarter of fiscal 2014 compared to $1.57 billion for the same period last fiscal year.
Diluted EPS was $0.73 for the third quarter of fiscal 2014, an increase of 14.1% from $0.64 for the same period last fiscal year.
Operating income increased 16.3% to $62.6 million for the third quarter of fiscal 2014 compared to $53.9 million for the same period last fiscal year.
"Each of our sales channels continued to benefit from consumers increasingly choosing better-for-you natural, organic and specialty foods as illustrated by our second consecutive quarter of net sales growth in excess of $200 million," said Steven Spinner, President and Chief Executive Officer.
"To support these positive growth dynamics and enhance service levels to our customers, in the fourth quarter, we opened our distribution center in Racine, Wisconsin and we are scheduled to open our Hudson Valley, New York facility in the first quarter of fiscal 2015."
