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UFS distributes fresh, frozen, and packaged foods, paper products, equipment and ancillary products to food-service businesses (restaurants, healthcare facilities, hotels and schools). For the nine months ended 3/27/99, net sales rose 11% to $4.48 billion. Net income before extraordinary item totalled $54 million, vs. loss of $64.1 million. Revenues reflect several recent acquisitions and higher ``chain' and ``street' sales. Net income reflects the absence of acquisition and restructuring charges. |