United Natural Foods Inc. said its normalized net income for the fiscal second quarter ended Jan. 31 was 58 cents per share, compared with the S&P Capital IQ consensus estimate of 67 cents per share.
EPS declined year over year from 58 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $28.9 million, compared with $29.1 million in the second quarter ended Feb. 1, 2014.
The normalized profit margin declined to 1.4% from 1.8% in the year-earlier period.
Total revenue grew 22.5% year over year to $2.02 billion from $1.65 billion, and total operating expenses rose 23.1% year over year to $1.97 billion from $1.60 billion.
Reported net income came to $27.7 million, or 55 cents per share, compared to $27.9 million, or 56 cents per share, in the second quarter ended Feb. 1, 2014.
