UNFI: Reports Second Quarter Fiscal 2021 Results

Providence / RI. (unfi) United Natural Foods Inc. (UNFI), the largest publicly-traded grocery distributor in the U.S., reported financial results for the second quarter of fiscal 2021 – the 13 weeks that ended in Providence on January 30, 2021. Second quarter fiscal 2021 highlights compared to second quarter 2020:

  • Net sales increased 7.1 percent to USD 6.89 billion
  • Net income of USD 59 million, an increase of USD 90 million
  • Adjusted Ebitda of USD 206 million, a 57.3 percent increase
  • Earnings per diluted share (EPS) of USD 1.00, a USD 1.57 per share increase
  • Adjusted EPS of USD 1.25, a USD 1.00 per share increase
  • Expects to finish fiscal 2021 toward the upper end of prior ranges for adjusted Ebitda and adjusted EPS
  • Extended distribution partnership with Whole Foods through September 2027

«Our strong second quarter results demonstrate that UNFI continues to execute at a high level as we again leveraged strong year-over-year sales increases into even stronger bottom line growth,» said Steven L. Spinner, Chairman and Chief Executive Officer. «We anticipate the underlying momentum in our business and the increasing benefits we’re realizing from our build out the store strategy to continue for the balance of this fiscal year, and we’re also very pleased to have extended our strong partnership with Whole Foods through September 2027.»

For additional information please read the company’s PDF file below (135 KB):