NEW YORK (TheStreet) -- United Natural Foods (UNFI) - Get Report shares are down 8.57% to $74.50 in after-hours trading on Monday following the release of the natural and organic food grocer's second quarter earnings results after the closing bell today.

The company reported total second quarter net income of $27.8 million, a 0.4% decrease from the same period last year, or 65 cents per share on an adjusted basis on revenue that increased 22.5% to $2.02 billion.

Analysts on average were expecting the company to report a second quarter EPS of 67 cents per diluted share on revenue of $2 billion.

"In the second quarter fiscal 2015 UNFI surpassed $2.0 billion in quarterly net sales for the first time in its history, continuing to demonstrate strong demand for our products and services. We also faced several challenges during the quarter highlighted by weakness in the Canadian dollar and a non-recurring reduction to net sales associated with a contractual obligation to a customer that we identified and brought to their attention," said the company of its quarterly results.

TheStreet Ratings team rates UNITED NATURAL FOODS INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate UNITED NATURAL FOODS INC (UNFI) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• You can view the full analysis from the report here: UNFI Ratings Report

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