United Natural Foods reported fourth-quarter (Q4) net income of $33.4m, as against $32m in the corresponding period a year ago.

Revenues for the quarter were up 7.4% at $1.76bn compared with $1.64bn in the prior year.

Gross margin was 16.4% for the fourth quarter of fiscal 2014 while total operating expenses were 13.5% of net sales for the fourth quarter of fiscal 2014.

For fiscal year 2014, net sales increased 14.3% to $6.79bn, compared to $6bn in fiscal 2013.

The company's operating income increased 13.6% to $210.8m in fiscal 2014 compared to $185.5m in fiscal 2013.

United Natural Foods CEO Steven Spinner said: "During fiscal 2014 UNFI continued to enhance its product offering through the acquisition of Tony's Fine Foods while building out capacity and infrastructure. These initiatives will serve us well as consumers and retailers continue to demand our natural, organic, ethnic and specialty SKUs.

"Fiscal 2014 was a record year for UNFI from both a sales and earnings per share growth perspective, with earnings per share increasing by approximately 16%," commented Spinner.