UNFI sees momentum building, despite year-to-year sales drop in Q3
Looking beyond last year's pandemic sales surge, sales for the quarter increased 6.7% over 2019 Because 2020's sales were so extremely unusual, United Natural Foods Inc. (UNFI) knew it would not surpass those figures, but the company was still bullish on its third quarter earnings — the first quarter to lap last year’s pandemic-spurred sales — particularly when compared to fiscal 2019. UNFI reported net sales of $6.62 billion in Q3, which ended May 1, a drop of 5.9% year over year but an increase of 6.7% over the third quarter of 2019. "We calculated this by adding the year-over-y...
Source: supermarketnews.com