PROVIDENCE, R.I. — Reduced inflation and some unexpected product shortages pressured sales growth at United Natural Foods Inc. in the first fiscal quarter, but net income still grew by 42% over year-ago results.
Sales at the natural, organic and specialty product wholesaler totaled $1.41 billion, up 15.8% over year-ago levels. Net income totaled $21.5 million in the quarter, which ended Oct. 27.
In a conference call with analysts, Steven Spinner, president and chief executive ...
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