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

United Natural Foods

06/03/2024 14:40

* United Natural Foods Inc  UNFI.N  reported quarterly
adjusted
earnings of 7 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 78 cents.  The mean expectation of ten analysts
for the quarter was for a loss of one cent per share. Wall
Street expected results to range from -7 cents to 12 cents per
share.
    * Revenue fell 0.5% to $7.78 billion from a year ago;
analysts
expected $7.87 billion. 
    * United Natural Foods Inc's reported EPS for the quarter
was a
loss of 25 cents​.
    * The company reported a quarterly loss of $15 million.
    * United Natural Foods Inc shares had fallen by 8.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 74.2%
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 $15.00 
This summary was machine generated from LSEG data March 6 at
02:40 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
 Jan. 31 2024      -0.01          0.07           Beat
 Oct. 31 2023      -0.31          -0.04          Beat
 Jul. 31 2023      -0.29          -0.25          Beat
 Apr. 30 2023      0.68           0.54           Missed