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United Natural Foods, Inc. Announces First Quarter Fiscal 2018 Results

Net sales for the first quarter of fiscal 2018 increased 7.9%, or $179.2 million, to $2.46 billion from $2.28 billion in the first quarter of fiscal 2017. Gross margin for the quarter was 14.94%, a 38 basis point decrease over last year’s first quarter. The decrease was primarily due to a shift in customer mix where sales growth with lower margin customers outpaced growth with other customers.

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