United Natural Posts Earnings Shortfall

United Natural Foods here yesterday said its net income for the third quarter was $13.7 million, up 11.4% from year-ago levels but short of analysts’ expectations.

DAYVILLE, Conn. — United Natural Foods here yesterday said its net income for the third quarter was $13.7 million, up 11.4% from year-ago levels but short of analysts’ expectations. The company attributed some of the shortfall to inventory losses related to the addition of the Whole Foods distribution business in Southern California. “In our Western region, it was all hands on deck to make it happen in a short period of time, and we lost some focus on the basic things that we do normally well

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