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S.C. peach crop finishes strong, close to 2013 production totals

COLUMBIA, SC — Despite an early freeze that killed an estimated 20 percent of the 2014 peach crop, production finished strong and managed to pull within shouting distance of last year’s harvest. Matt Cornwell, marketing specialist for peaches at the South Carolina Department of Agriculture here, said final totals, as reported by the U.S. Department of Agriculture in mid-September, were 2,290 truckloads, compared to 2,320 in 2013.

“One thing we can’t control is the weather,” Cornwell said. “But the strong finish to the season meant that growers were able to fill orders and retailers were able to get high-quality product.SC-PEACHES11214This Harris Teeter store in downtown Charleston, SC, featured ‘fresh off the farm’ locally grown peaches in August. That bodes well for next year.” South Carolina peach growers, who usually rank second in the nation in peach production, behind California, have proven over the past few years that they can meet volume demands of supermarkets and other mass-market retailers, he added.  

Peach growers over the years have diversified, noted Martin Eubanks, assistant commissioner for agricultural services, so they are not dependent on a single crop of peaches. Many peach growers have now turned to harvesting greens, he said. Also, he added, when weather conditions are not off-the-scale, growers can save peach crops in near-freezing weather with blowers, smoke pots and even helicopters. “We had several bad spells of weather in 2014; another degree or two colder, our entire crop could have been lost,” he added.

Fir 2015, peach promotions will include a South Carolina Peach Council-sponsored Peach Day at the State Farmers’ Market in Columbia, Cornwell said, along with a fund-raising auction for the council in late March or early April in the Myrtle Beach, SC, area. Other materials and activities for retailers and consumers are on the drawing board, he noted.

“Right now, peach growers are doing their game planning for the year,” Cornwell observed. He said he had spoken with Lynne Chappell of Chappell Farms, a fifth-generation family peach grower in Kline, SC,  Dec. 19 and she recounted that they are “currently pruning, getting ready to fertilize in January, and as her father Pat Chappell said, ‘enjoying good peach weather in December.’”

Value-added processing makes South Carolina peaches a year-round item, with some growers providing peach puree to craft brewers making peach beer and brandy, others packing sliced frozen peaches in puree, as well as peaches for ice cream sold to dairies, and peach menu items for restaurants and foodservice operations. Value-added products have steadily increased, Cornwell said, along with growers adding organic peaches to their offerings.  

For 2015, Cornwell said, “Demand for South Carolina peaches is growing, and the state has a natural advantage in that the soil and climate are ideal for peaches. Because of our location, we are one of the first states to have peaches on the market, and we can reach the major population centers of the East Coast and Midwest. The outlook for 2015, weather permitting, is good.”

The Produce News | Today’s Headlines – The Produce News – Covering fresh produce around the globe since 1897.

S.C. peach crop finishes strong, close to 2013 production totals

COLUMBIA, SC — Despite an early freeze that killed an estimated 20 percent of the 2014 peach crop, production finished strong and managed to pull within shouting distance of last year’s harvest. Matt Cornwell, marketing specialist for peaches at the South Carolina Department of Agriculture here, said final totals, as reported by the U.S. Department of Agriculture in mid-September, were 2,290 truckloads, compared to 2,320 in 2013.

“One thing we can’t control is the weather,” Cornwell said. “But the strong finish to the season meant that growers were able to fill orders and retailers were able to get high-quality product.SC-PEACHES11214This Harris Teeter store in downtown Charleston, SC, featured ‘fresh off the farm’ locally grown peaches in August. That bodes well for next year.” South Carolina peach growers, who usually rank second in the nation in peach production, behind California, have proven over the past few years that they can meet volume demands of supermarkets and other mass-market retailers, he added.  

Peach growers over the years have diversified, noted Martin Eubanks, assistant commissioner for agricultural services, so they are not dependent on a single crop of peaches. Many peach growers have now turned to harvesting greens, he said. Also, he added, when weather conditions are not off-the-scale, growers can save peach crops in near-freezing weather with blowers, smoke pots and even helicopters. “We had several bad spells of weather in 2014; another degree or two colder, our entire crop could have been lost,” he added.

Fir 2015, peach promotions will include a South Carolina Peach Council-sponsored Peach Day at the State Farmers’ Market in Columbia, Cornwell said, along with a fund-raising auction for the council in late March or early April in the Myrtle Beach, SC, area. Other materials and activities for retailers and consumers are on the drawing board, he noted.

“Right now, peach growers are doing their game planning for the year,” Cornwell observed. He said he had spoken with Lynne Chappell of Chappell Farms, a fifth-generation family peach grower in Kline, SC,  Dec. 19 and she recounted that they are “currently pruning, getting ready to fertilize in January, and as her father Pat Chappell said, ‘enjoying good peach weather in December.’”

Value-added processing makes South Carolina peaches a year-round item, with some growers providing peach puree to craft brewers making peach beer and brandy, others packing sliced frozen peaches in puree, as well as peaches for ice cream sold to dairies, and peach menu items for restaurants and foodservice operations. Value-added products have steadily increased, Cornwell said, along with growers adding organic peaches to their offerings.  

For 2015, Cornwell said, “Demand for South Carolina peaches is growing, and the state has a natural advantage in that the soil and climate are ideal for peaches. Because of our location, we are one of the first states to have peaches on the market, and we can reach the major population centers of the East Coast and Midwest. The outlook for 2015, weather permitting, is good.”

The Produce News | Today’s Headlines – The Produce News – Covering fresh produce around the globe since 1897.

S.C. peach crop finishes strong, close to 2013 production totals

COLUMBIA, SC — Despite an early freeze that killed an estimated 20 percent of the 2014 peach crop, production finished strong and managed to pull within shouting distance of last year’s harvest. Matt Cornwell, marketing specialist for peaches at the South Carolina Department of Agriculture here, said final totals, as reported by the U.S. Department of Agriculture in mid-September, were 2,290 truckloads, compared to 2,320 in 2013.

“One thing we can’t control is the weather,” Cornwell said. “But the strong finish to the season meant that growers were able to fill orders and retailers were able to get high-quality product.SC-PEACHES11214This Harris Teeter store in downtown Charleston, SC, featured ‘fresh off the farm’ locally grown peaches in August. That bodes well for next year.” South Carolina peach growers, who usually rank second in the nation in peach production, behind California, have proven over the past few years that they can meet volume demands of supermarkets and other mass-market retailers, he added.  

Peach growers over the years have diversified, noted Martin Eubanks, assistant commissioner for agricultural services, so they are not dependent on a single crop of peaches. Many peach growers have now turned to harvesting greens, he said. Also, he added, when weather conditions are not off-the-scale, growers can save peach crops in near-freezing weather with blowers, smoke pots and even helicopters. “We had several bad spells of weather in 2014; another degree or two colder, our entire crop could have been lost,” he added.

Fir 2015, peach promotions will include a South Carolina Peach Council-sponsored Peach Day at the State Farmers’ Market in Columbia, Cornwell said, along with a fund-raising auction for the council in late March or early April in the Myrtle Beach, SC, area. Other materials and activities for retailers and consumers are on the drawing board, he noted.

“Right now, peach growers are doing their game planning for the year,” Cornwell observed. He said he had spoken with Lynne Chappell of Chappell Farms, a fifth-generation family peach grower in Kline, SC,  Dec. 19 and she recounted that they are “currently pruning, getting ready to fertilize in January, and as her father Pat Chappell said, ‘enjoying good peach weather in December.’”

Value-added processing makes South Carolina peaches a year-round item, with some growers providing peach puree to craft brewers making peach beer and brandy, others packing sliced frozen peaches in puree, as well as peaches for ice cream sold to dairies, and peach menu items for restaurants and foodservice operations. Value-added products have steadily increased, Cornwell said, along with growers adding organic peaches to their offerings.  

For 2015, Cornwell said, “Demand for South Carolina peaches is growing, and the state has a natural advantage in that the soil and climate are ideal for peaches. Because of our location, we are one of the first states to have peaches on the market, and we can reach the major population centers of the East Coast and Midwest. The outlook for 2015, weather permitting, is good.”

The Produce News | Today’s Headlines – The Produce News – Covering fresh produce around the globe since 1897.

Strong sales boost UNFI in Q1

United Natural Foods Inc. on Thursday said sales improved by 24.4% in the fiscal first quarter, helped along by the acquisition of Tony’s Fine Foods and a continuing health and wellness trend that’s getting more of the distributor’s items into more stores.

Steven Spinner“Natural and organic products were once viewed as unique and differentiated products for a narrow band of consumers and retailers,” UNFI CEO Steven Spinner said in a conference call discussing results for the quarter. “Today, our products are demanded by consumers across North America which has led to the adoption of these items across every channel.

“This rapid adoption rate has led to new opportunities for UNFI as we operate the broadest network of companies specializing in natural, organic and specialty products,” he continued. “Consumers continue to demonstrate a desire to seek a healthier, know-your-ingredients lifestyle. This results an increased shelf space across a growing number of retailers which ultimately drives demand to UNFI.”

Spinner said the company expects to build out its share in the gourmet ethnic and e-commerce channels in the coming years. The former, including Italian, Asian, Kosher and Hispanic products, is a $ 5 billion sales opportunity, Spinner said.

In e-commerce, “our goal is to offer retailers over 15,000 SKUs across gluten-free, organic, personal care, supplements, lifestyle, and other important lines,” Spinner added. “Given our proximity to the retailer and the consumer, our hope is to be the e-commerce solution for retailers and business-to-business e-commerce providers.”


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For the quarter, which ended Nov. 1, sales of $ 2 billion increased by 24.4%, or 10% when adjusted for the acquisitions of specialty suppliers Tony’s Fine Foods and Trudeau Foods. Net income increased by 19% to $ 5.3 million.

Earnings were slightly ahead of analyst consensus and driven by sales. Gross margin as a percent of sales was down 92 basis points to 16% for the quarter, negatively impacted by sales dilution resulting from the Tony’s acquisition and by increased freight costs and exchange rates impacting UNFI’s profits in Canada.

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Strong sales boost UNFI in Q1

United Natural Foods Inc. on Thursday said sales improved by 24.4% in the fiscal first quarter, helped along by the acquisition of Tony’s Fine Foods and a continuing health and wellness trend that’s getting more of the distributor’s items into more stores.

Steven Spinner“Natural and organic products were once viewed as unique and differentiated products for a narrow band of consumers and retailers,” UNFI CEO Steven Spinner said in a conference call discussing results for the quarter. “Today, our products are demanded by consumers across North America which has led to the adoption of these items across every channel.

“This rapid adoption rate has led to new opportunities for UNFI as we operate the broadest network of companies specializing in natural, organic and specialty products,” he continued. “Consumers continue to demonstrate a desire to seek a healthier, know-your-ingredients lifestyle. This results an increased shelf space across a growing number of retailers which ultimately drives demand to UNFI.”

Spinner said the company expects to build out its share in the gourmet ethnic and e-commerce channels in the coming years. The former, including Italian, Asian, Kosher and Hispanic products, is a $ 5 billion sales opportunity, Spinner said.

In e-commerce, “our goal is to offer retailers over 15,000 SKUs across gluten-free, organic, personal care, supplements, lifestyle, and other important lines,” Spinner added. “Given our proximity to the retailer and the consumer, our hope is to be the e-commerce solution for retailers and business-to-business e-commerce providers.”


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Like the Supermarket News page for updates throughout the day.


For the quarter, which ended Nov. 1, sales of $ 2 billion increased by 24.4%, or 10% when adjusted for the acquisitions of specialty suppliers Tony’s Fine Foods and Trudeau Foods. Net income increased by 19% to $ 5.3 million.

Earnings were slightly ahead of analyst consensus and driven by sales. Gross margin as a percent of sales was down 92 basis points to 16% for the quarter, negatively impacted by sales dilution resulting from the Tony’s acquisition and by increased freight costs and exchange rates impacting UNFI’s profits in Canada.

Suggested Categories More from Supermarket News

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Strong sales boost UNFI in Q1

United Natural Foods Inc. on Thursday said sales improved by 24.4% in the fiscal first quarter, helped along by the acquisition of Tony’s Fine Foods and a continuing health and wellness trend that’s getting more of the distributor’s items into more stores.

Steven Spinner“Natural and organic products were once viewed as unique and differentiated products for a narrow band of consumers and retailers,” UNFI CEO Steven Spinner said in a conference call discussing results for the quarter. “Today, our products are demanded by consumers across North America which has led to the adoption of these items across every channel.

“This rapid adoption rate has led to new opportunities for UNFI as we operate the broadest network of companies specializing in natural, organic and specialty products,” he continued. “Consumers continue to demonstrate a desire to seek a healthier, know-your-ingredients lifestyle. This results an increased shelf space across a growing number of retailers which ultimately drives demand to UNFI.”

Spinner said the company expects to build out its share in the gourmet ethnic and e-commerce channels in the coming years. The former, including Italian, Asian, Kosher and Hispanic products, is a $ 5 billion sales opportunity, Spinner said.

In e-commerce, “our goal is to offer retailers over 15,000 SKUs across gluten-free, organic, personal care, supplements, lifestyle, and other important lines,” Spinner added. “Given our proximity to the retailer and the consumer, our hope is to be the e-commerce solution for retailers and business-to-business e-commerce providers.”


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Like the Supermarket News page for updates throughout the day.


For the quarter, which ended Nov. 1, sales of $ 2 billion increased by 24.4%, or 10% when adjusted for the acquisitions of specialty suppliers Tony’s Fine Foods and Trudeau Foods. Net income increased by 19% to $ 5.3 million.

Earnings were slightly ahead of analyst consensus and driven by sales. Gross margin as a percent of sales was down 92 basis points to 16% for the quarter, negatively impacted by sales dilution resulting from the Tony’s acquisition and by increased freight costs and exchange rates impacting UNFI’s profits in Canada.

Suggested Categories More from Supermarket News

Supermarket News

Strong sales boost UNFI in Q1

United Natural Foods Inc. on Thursday said sales improved by 24.4% in the fiscal first quarter, helped along by the acquisition of Tony’s Fine Foods and a continuing health and wellness trend that’s getting more of the distributor’s items into more stores.

Steven Spinner“Natural and organic products were once viewed as unique and differentiated products for a narrow band of consumers and retailers,” UNFI CEO Steven Spinner said in a conference call discussing results for the quarter. “Today, our products are demanded by consumers across North America which has led to the adoption of these items across every channel.

“This rapid adoption rate has led to new opportunities for UNFI as we operate the broadest network of companies specializing in natural, organic and specialty products,” he continued. “Consumers continue to demonstrate a desire to seek a healthier, know-your-ingredients lifestyle. This results an increased shelf space across a growing number of retailers which ultimately drives demand to UNFI.”

Spinner said the company expects to build out its share in the gourmet ethnic and e-commerce channels in the coming years. The former, including Italian, Asian, Kosher and Hispanic products, is a $ 5 billion sales opportunity, Spinner said.

In e-commerce, “our goal is to offer retailers over 15,000 SKUs across gluten-free, organic, personal care, supplements, lifestyle, and other important lines,” Spinner added. “Given our proximity to the retailer and the consumer, our hope is to be the e-commerce solution for retailers and business-to-business e-commerce providers.”


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Like the Supermarket News page for updates throughout the day.


For the quarter, which ended Nov. 1, sales of $ 2 billion increased by 24.4%, or 10% when adjusted for the acquisitions of specialty suppliers Tony’s Fine Foods and Trudeau Foods. Net income increased by 19% to $ 5.3 million.

Earnings were slightly ahead of analyst consensus and driven by sales. Gross margin as a percent of sales was down 92 basis points to 16% for the quarter, negatively impacted by sales dilution resulting from the Tony’s acquisition and by increased freight costs and exchange rates impacting UNFI’s profits in Canada.

Suggested Categories More from Supermarket News

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Strong sales boost UNFI in Q1

United Natural Foods Inc. on Thursday said sales improved by 24.4% in the fiscal first quarter, helped along by the acquisition of Tony’s Fine Foods and a continuing health and wellness trend that’s getting more of the distributor’s items into more stores.

Steven Spinner“Natural and organic products were once viewed as unique and differentiated products for a narrow band of consumers and retailers,” UNFI CEO Steven Spinner said in a conference call discussing results for the quarter. “Today, our products are demanded by consumers across North America which has led to the adoption of these items across every channel.

“This rapid adoption rate has led to new opportunities for UNFI as we operate the broadest network of companies specializing in natural, organic and specialty products,” he continued. “Consumers continue to demonstrate a desire to seek a healthier, know-your-ingredients lifestyle. This results an increased shelf space across a growing number of retailers which ultimately drives demand to UNFI.”

Spinner said the company expects to build out its share in the gourmet ethnic and e-commerce channels in the coming years. The former, including Italian, Asian, Kosher and Hispanic products, is a $ 5 billion sales opportunity, Spinner said.

In e-commerce, “our goal is to offer retailers over 15,000 SKUs across gluten-free, organic, personal care, supplements, lifestyle, and other important lines,” Spinner added. “Given our proximity to the retailer and the consumer, our hope is to be the e-commerce solution for retailers and business-to-business e-commerce providers.”


CONNECT WITH SN ON FACEBOOK

Like the Supermarket News page for updates throughout the day.


For the quarter, which ended Nov. 1, sales of $ 2 billion increased by 24.4%, or 10% when adjusted for the acquisitions of specialty suppliers Tony’s Fine Foods and Trudeau Foods. Net income increased by 19% to $ 5.3 million.

Earnings were slightly ahead of analyst consensus and driven by sales. Gross margin as a percent of sales was down 92 basis points to 16% for the quarter, negatively impacted by sales dilution resulting from the Tony’s acquisition and by increased freight costs and exchange rates impacting UNFI’s profits in Canada.

Suggested Categories More from Supermarket News

Supermarket News

Strong sales boost UNFI in Q1

United Natural Foods Inc. on Thursday said sales improved by 24.4% in the fiscal first quarter, helped along by the acquisition of Tony’s Fine Foods and a continuing health and wellness trend that’s getting more of the distributor’s items into more stores.

Steven Spinner“Natural and organic products were once viewed as unique and differentiated products for a narrow band of consumers and retailers,” UNFI CEO Steven Spinner said in a conference call discussing results for the quarter. “Today, our products are demanded by consumers across North America which has led to the adoption of these items across every channel.

“This rapid adoption rate has led to new opportunities for UNFI as we operate the broadest network of companies specializing in natural, organic and specialty products,” he continued. “Consumers continue to demonstrate a desire to seek a healthier, know-your-ingredients lifestyle. This results an increased shelf space across a growing number of retailers which ultimately drives demand to UNFI.”

Spinner said the company expects to build out its share in the gourmet ethnic and e-commerce channels in the coming years. The former, including Italian, Asian, Kosher and Hispanic products, is a $ 5 billion sales opportunity, Spinner said.

In e-commerce, “our goal is to offer retailers over 15,000 SKUs across gluten-free, organic, personal care, supplements, lifestyle, and other important lines,” Spinner added. “Given our proximity to the retailer and the consumer, our hope is to be the e-commerce solution for retailers and business-to-business e-commerce providers.”


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Like the Supermarket News page for updates throughout the day.


For the quarter, which ended Nov. 1, sales of $ 2 billion increased by 24.4%, or 10% when adjusted for the acquisitions of specialty suppliers Tony’s Fine Foods and Trudeau Foods. Net income increased by 19% to $ 5.3 million.

Earnings were slightly ahead of analyst consensus and driven by sales. Gross margin as a percent of sales was down 92 basis points to 16% for the quarter, negatively impacted by sales dilution resulting from the Tony’s acquisition and by increased freight costs and exchange rates impacting UNFI’s profits in Canada.

Suggested Categories More from Supermarket News

Supermarket News

Strong sales boost UNFI in Q1

United Natural Foods Inc. on Thursday said sales improved by 24.4% in the fiscal first quarter, helped along by the acquisition of Tony’s Fine Foods and a continuing health and wellness trend that’s getting more of the distributor’s items into more stores.

Steven Spinner“Natural and organic products were once viewed as unique and differentiated products for a narrow band of consumers and retailers,” UNFI CEO Steven Spinner said in a conference call discussing results for the quarter. “Today, our products are demanded by consumers across North America which has led to the adoption of these items across every channel.

“This rapid adoption rate has led to new opportunities for UNFI as we operate the broadest network of companies specializing in natural, organic and specialty products,” he continued. “Consumers continue to demonstrate a desire to seek a healthier, know-your-ingredients lifestyle. This results an increased shelf space across a growing number of retailers which ultimately drives demand to UNFI.”

Spinner said the company expects to build out its share in the gourmet ethnic and e-commerce channels in the coming years. The former, including Italian, Asian, Kosher and Hispanic products, is a $ 5 billion sales opportunity, Spinner said.

In e-commerce, “our goal is to offer retailers over 15,000 SKUs across gluten-free, organic, personal care, supplements, lifestyle, and other important lines,” Spinner added. “Given our proximity to the retailer and the consumer, our hope is to be the e-commerce solution for retailers and business-to-business e-commerce providers.”


CONNECT WITH SN ON FACEBOOK

Like the Supermarket News page for updates throughout the day.


For the quarter, which ended Nov. 1, sales of $ 2 billion increased by 24.4%, or 10% when adjusted for the acquisitions of specialty suppliers Tony’s Fine Foods and Trudeau Foods. Net income increased by 19% to $ 5.3 million.

Earnings were slightly ahead of analyst consensus and driven by sales. Gross margin as a percent of sales was down 92 basis points to 16% for the quarter, negatively impacted by sales dilution resulting from the Tony’s acquisition and by increased freight costs and exchange rates impacting UNFI’s profits in Canada.

Suggested Categories More from Supermarket News

Supermarket News

Strong sales boost UNFI in Q1

United Natural Foods Inc. on Thursday said sales improved by 24.4% in the fiscal first quarter, helped along by the acquisition of Tony’s Fine Foods and a continuing health and wellness trend that’s getting more of the distributor’s items into more stores.

Steven Spinner“Natural and organic products were once viewed as unique and differentiated products for a narrow band of consumers and retailers,” UNFI CEO Steven Spinner said in a conference call discussing results for the quarter. “Today, our products are demanded by consumers across North America which has led to the adoption of these items across every channel.

“This rapid adoption rate has led to new opportunities for UNFI as we operate the broadest network of companies specializing in natural, organic and specialty products,” he continued. “Consumers continue to demonstrate a desire to seek a healthier, know-your-ingredients lifestyle. This results an increased shelf space across a growing number of retailers which ultimately drives demand to UNFI.”

Spinner said the company expects to build out its share in the gourmet ethnic and e-commerce channels in the coming years. The former, including Italian, Asian, Kosher and Hispanic products, is a $ 5 billion sales opportunity, Spinner said.

In e-commerce, “our goal is to offer retailers over 15,000 SKUs across gluten-free, organic, personal care, supplements, lifestyle, and other important lines,” Spinner added. “Given our proximity to the retailer and the consumer, our hope is to be the e-commerce solution for retailers and business-to-business e-commerce providers.”


CONNECT WITH SN ON FACEBOOK

Like the Supermarket News page for updates throughout the day.


For the quarter, which ended Nov. 1, sales of $ 2 billion increased by 24.4%, or 10% when adjusted for the acquisitions of specialty suppliers Tony’s Fine Foods and Trudeau Foods. Net income increased by 19% to $ 5.3 million.

Earnings were slightly ahead of analyst consensus and driven by sales. Gross margin as a percent of sales was down 92 basis points to 16% for the quarter, negatively impacted by sales dilution resulting from the Tony’s acquisition and by increased freight costs and exchange rates impacting UNFI’s profits in Canada.

Suggested Categories More from Supermarket News

Supermarket News

Strong sales boost UNFI in Q1

United Natural Foods Inc. on Thursday said sales improved by 24.4% in the fiscal first quarter, helped along by the acquisition of Tony’s Fine Foods and a continuing health and wellness trend that’s getting more of the distributor’s items into more stores.

Steven Spinner“Natural and organic products were once viewed as unique and differentiated products for a narrow band of consumers and retailers,” UNFI CEO Steven Spinner said in a conference call discussing results for the quarter. “Today, our products are demanded by consumers across North America which has led to the adoption of these items across every channel.

“This rapid adoption rate has led to new opportunities for UNFI as we operate the broadest network of companies specializing in natural, organic and specialty products,” he continued. “Consumers continue to demonstrate a desire to seek a healthier, know-your-ingredients lifestyle. This results an increased shelf space across a growing number of retailers which ultimately drives demand to UNFI.”

Spinner said the company expects to build out its share in the gourmet ethnic and e-commerce channels in the coming years. The former, including Italian, Asian, Kosher and Hispanic products, is a $ 5 billion sales opportunity, Spinner said.

In e-commerce, “our goal is to offer retailers over 15,000 SKUs across gluten-free, organic, personal care, supplements, lifestyle, and other important lines,” Spinner added. “Given our proximity to the retailer and the consumer, our hope is to be the e-commerce solution for retailers and business-to-business e-commerce providers.”


CONNECT WITH SN ON FACEBOOK

Like the Supermarket News page for updates throughout the day.


For the quarter, which ended Nov. 1, sales of $ 2 billion increased by 24.4%, or 10% when adjusted for the acquisitions of specialty suppliers Tony’s Fine Foods and Trudeau Foods. Net income increased by 19% to $ 5.3 million.

Earnings were slightly ahead of analyst consensus and driven by sales. Gross margin as a percent of sales was down 92 basis points to 16% for the quarter, negatively impacted by sales dilution resulting from the Tony’s acquisition and by increased freight costs and exchange rates impacting UNFI’s profits in Canada.

Suggested Categories More from Supermarket News

Supermarket News

Strong sales boost UNFI in Q1

United Natural Foods Inc. on Thursday said sales improved by 24.4% in the fiscal first quarter, helped along by the acquisition of Tony’s Fine Foods and a continuing health and wellness trend that’s getting more of the distributor’s items into more stores.

Steven Spinner“Natural and organic products were once viewed as unique and differentiated products for a narrow band of consumers and retailers,” UNFI CEO Steven Spinner said in a conference call discussing results for the quarter. “Today, our products are demanded by consumers across North America which has led to the adoption of these items across every channel.

“This rapid adoption rate has led to new opportunities for UNFI as we operate the broadest network of companies specializing in natural, organic and specialty products,” he continued. “Consumers continue to demonstrate a desire to seek a healthier, know-your-ingredients lifestyle. This results an increased shelf space across a growing number of retailers which ultimately drives demand to UNFI.”

Spinner said the company expects to build out its share in the gourmet ethnic and e-commerce channels in the coming years. The former, including Italian, Asian, Kosher and Hispanic products, is a $ 5 billion sales opportunity, Spinner said.

In e-commerce, “our goal is to offer retailers over 15,000 SKUs across gluten-free, organic, personal care, supplements, lifestyle, and other important lines,” Spinner added. “Given our proximity to the retailer and the consumer, our hope is to be the e-commerce solution for retailers and business-to-business e-commerce providers.”


CONNECT WITH SN ON FACEBOOK

Like the Supermarket News page for updates throughout the day.


For the quarter, which ended Nov. 1, sales of $ 2 billion increased by 24.4%, or 10% when adjusted for the acquisitions of specialty suppliers Tony’s Fine Foods and Trudeau Foods. Net income increased by 19% to $ 5.3 million.

Earnings were slightly ahead of analyst consensus and driven by sales. Gross margin as a percent of sales was down 92 basis points to 16% for the quarter, negatively impacted by sales dilution resulting from the Tony’s acquisition and by increased freight costs and exchange rates impacting UNFI’s profits in Canada.

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