United Natural Sales Miss

Earnings match targets.
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United Natural Foods (UNFI) - Get Report missed second-quarter sales estimates but matched Wall Street's earnings expectations on an adjusted basis.

The Dayville, Conn., organic food supplier made $10.9 million, or 25 cents a share, for the quarter ended Jan. 27, up from the year-ago $10.6 million, or 25 cents a share. Sales rose to $669 million from $601 million a year earlier.

Excluding certain items, earnings were 30 cents a share in the latest quarter. Analysts surveyed by Thomson Financial were looking for a 30-cent profit on sales of $683 million.

"Fiscal 2007 continues to be a strong year and we are quite pleased with our operating performance and financial results during the second quarter," said CEO Michael Funk. "Sales growth in our supermarket channel remained solid and we expect the super natural channel to realize increased sales growth with the number of new stores expected to open during 2007."