United Natural Foods, Inc. (Nasdaq: UNFI) recently reported that net income for the first quarter of fiscal 2010 ended October 31, 2009 increased $2.3 million, or 17.2%, to $15.5 million, or $0.36 per diluted share, from $13.2 million, or $0.31 per diluted share, for the first quarter of fiscal 2009. Net sales for the first quarter of fiscal 2010 totaled $884.8 million, an increase of 2.4%, or $20.5 million, over the net sales recorded in first quarter of fiscal 2009 of $864.2 million. "Fiscal 2010 began with another quarter of strong year over year improvement. During the quarter, we began to see some signs of improvement, with reduced weekly sales volatility, supplier price increases returning to historical levels and improving trends in sales growth towards the end of the quarter," said Steven Spinner, President and Chief Executive Officer.
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"During the first quarter, we successfully secured new conventional supermarket business as a direct result of our strategic expansion into specialty foods and products. We expect that this business will begin to ship during the first calendar quarter of 2010. Additionally, we continue to gain momentum with our combined natural, organic and specialty product offerings, and are poised to open our newly announced
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