United Natural Foods Inc reports results for the quarter ended in April - Earnings Summary

United Natural Foods

05/06/2024 15:22

* United Natural Foods Inc  UNFI.N  reported quarterly
adjusted
earnings of 10 cents​​ per share for the quarter ended in April,
lower than the same quarter last year, when the company reported
EPS of 54 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 3 cents per share. Wall Street
expected results to range from -6 cents to 32 cents per share.
    * Revenue fell 0.1% to $7.50 billion from a year ago;
analysts
expected $7.52 billion. 
    * United Natural Foods Inc's reported EPS for the quarter
was a
loss of 34 cents​.
    * The company reported a quarterly loss of $21 million.
    * United Natural Foods Inc shares had risen by 5.7% this
quarter and lost 25.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 57.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 11
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the food retail &
distribution peer group is also "hold"

Wall Street's median 12-month price target for United Natural
Foods Inc is $13.00 
This summary was machine generated from LSEG data June 5 at
02:22 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      0.03           0.10           Beat
 Jan. 31 2024      -0.01          0.07           Beat
 Oct. 31 2023      -0.31          -0.04          Beat
 Jul. 31 2023      -0.29          -0.25          Beat