NEW YORK (TheStreet) -- Shares of United Natural Foods Inc. (UNFI) are higher by 2.08% to $64.93 at the start of trading on Thursday, after the company reported an increase in net income to $33.4 million, or 67 cents per diluted share for the fiscal 2014 fourth quarter, compared to $32.1 million, or 65 cents per diluted share for the year ago quarter.
Analysts' polled by Thomson Reuters expected the key supplier for Whole Foods (WFM) to post earnings of 65 cents per share for the latest quarter.
United Natural Foods' said net sales for the 2014 fourth quarter grew by 7.4% to $1.76 billion, from $1.64 billion for the 2013 fourth quarter.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Analysts expected $1.73 billion in revenue.
For the fiscal year United Natural Foods reported an increase in net income to $125.5 million, or $2.52 per diluted share, from $107.9 million, or $2.18 per diluted share for fiscal 2013, on revenue of $6.79 billion, a 12% increase from fiscal 2013.
Separately, 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 multiple 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, compelling growth in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: UNFI Ratings ReportUNFI data by YCharts