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United Natural Foods (UNFI) Q3 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble.
United Natural Foods (NYSE: UNFI)
Q3 2021 Earnings Call
Ladies and gentlemen, thank you for standing by, and welcome to the UNFI fiscal 2021 third-quarter earnings conference call. [Operator instructions] I d now like to hand the conference over to Mr. Steven Bloomquist, vice president, investor relations. Please go ahead.
Steve Bloomquist
Vice President, Investor Relations
Good morning everyone and thank you for joining us on UNFI s third-quarter fiscal 2021 earnings conference call. By now you should have received a copy of the earnings release issued this morning. The press release, webcast, and a supplemental slide deck are available under the Investors section of the company s website at www.unfi.com under the Events tab. Joining me for today s call are Steve Spinner, our chairman, and chief executive
Looking beyond last year s pandemic sales surge, sales for the quarter increased 6.7% over 2019
Because 2020 s sales were so extremely unusual, United Natural Foods Inc. (UNFI) knew it would not surpass those figures, but the company was still bullish on its third quarter earnings the first quarter to lap last year’s pandemic-spurred sales particularly when compared to fiscal 2019.
UNFI reported net sales of $6.62 billion in Q3, which ended May 1, a drop of 5.9% year over year but an increase of 6.7% over the third quarter of 2019. We calculated this by adding the year-over-year growth rate to the prior year-over-year growth rate, and we believe it to be an appropriate way to view sales this quarter, given the unprecedented activity in last year s third quarter, said president Chris Testa in an earnings call with analysts Wednesday morning.
United Natural Foods (UNFI) Q2 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble.
United Natural Foods (NYSE: UNFI)
Q2 2021 Earnings Call
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the UNFI fiscal 2021 second-quarter earnings conference call. [Operator instructions] Please be advised that today s conference is being recorded. [Operator instructions] It is now my pleasure to turn the call over to Mr. Steve Bloomquist, vice president of investor relations.
Sir, the floor is yours. Please go ahead.
Steve Bloomquist
Vice President of Investor Relations
Good morning, everyone, and thank you for joining us on UNFI s second-quarter fiscal 2021 earnings conference call. By now, you should have received a copy of the earnings release issued earlier this morning. The press release, webcast, and a supplemental slide deck are available under the Investors section of the
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