06.03.2024 16:31:17 - dpa-AFX: United Natural Foods Drops On Q2 Sales Miss, Decreased Sales Outlook

WASHINGTON (dpa-AFX) - Shares of United Natural Foods, Inc. (UNFI) are
falling more than 10 percent Wednesday morning after its sales in the
second-quarter fell short of analysts' view. The company also lowered its
full-year sales outlook.

Sales for the second quarter were $7.78 billion, lower than $7.82 billion in the
same period last year. Analysts on average polled by Thomson-Reuters were
expecting sales of $7.87 billion.

The company posted a loss of $15 million or $0.25 per share for the quarter,
compared with a profit of $19 million or $0.31 per share in the same quarter a
year ago.

Excluding items, United Natural Foods reported earnings of $4 million or $0.07
per share. The consensus estimate was for $0.01 loss per share.

For the full year, sales are expected between $30.5 billion and $31.0 billion,
down from the prior guidance of $30.9 billion - $31.5 billion. The Street is
looking for sales of $31.01 billion.

UNFI is at $13.31 currently. It has traded in the range of $12.88 - $30.77 in
the last 52 weeks.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
UTD NATURAL FOODS DL-,01 903615 Frankfurt 13,410 10.06.24 08:19:11 -0,585 -4,18% 13,085 13,225 13,410 13,995

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