UNFI Slips 2.3% Since Earnings Despite Quarterly Profit Beat
The distributor’s fiscal fourth-quarter adjusted earnings topped estimates, while sales slipped and its shares remained lower over the month.
Key takeaways
- UNFI shares fell about 2.3% in the month after its latest earnings report.
- Fourth-quarter adjusted earnings were 69 cents per share, above the 62-cent consensus estimate.
United Natural Foods shares fell about 2.3% in the month after its latest earnings report, underperforming the S&P 500. The company reported fiscal fourth-quarter adjusted earnings of 69 cents per share, above the 62-cent consensus estimate cited by Zacks.
Net sales declined 0.7% year over year to $7,642 million, but exceeded the $7,576 million estimate. Adjusted earnings were up from an adjusted loss of 11 cents per share a year earlier.
As of 15:48 UTC on Oct. 8, UNFI traded at $43.85, up 0.58% from the previous close.
For fiscal 2027, UNFI expects adjusted earnings of $3.00 to $3.50 per share and adjusted EBITDA of $730 million to $780 million.
This article was produced with the help of AI technology. Source: Yahoo Finance
