PROVIDENCE, R.I. — Sales at United Natural Foods Inc. increased by 10.8% to $985.7 million in the third quarter as sales to independent retailers and conventional supermarkets improved.
The wholesaler, based here, said Wednesday its sales to independent retailers were up 6.9% in the quarter that ended May 1, up from flat sales earlier in the year. Independents represent about 40% of UNFI’s business.
The sales increase prompted UNFI to increase its estimate of annual sales to $3.7 billion, from $3.6 billion. Net income in the quarter improved 15% to $19.5 million.
In a separate announcement Wednesday, UNFI said it has extended its supply agreement with Whole Foods Market through the year 2020. Their deal was to have expired in 2013.
Read More of Today's Headlines