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

United Natural Foods

06/12/2023 14:32

* United Natural Foods Inc  UNFI.N  reported a quarterly
adjusted
loss of 4 cents​​ per share for the quarter ended in October,
lower than the same quarter last year, when the company reported
EPS of $1.13.  The mean expectation of eleven analysts for the
quarter was for a loss of 31 cents per share. Wall Street
expected results to range from -44 cents to -10 cents per share.
    * Revenue rose 0.3% to $7.55 billion from a year ago;
analysts
expected $7.62 billion. 
    * United Natural Foods Inc's reported EPS for the quarter
was a
loss of 67 cents​.
    * The company reported a quarterly loss of $39 million.
    * United Natural Foods Inc shares had risen by 15.4% this
quarter and lost 57.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 146.9% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 12
"hold" and no "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 December 6 at
02:31 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
 Oct. 31 2023      -0.31          -0.04          Beat
 Jul. 31 2023      -0.29          -0.25          Beat
 Apr. 30 2023      0.68           0.54           Missed
 Jan. 31 2023      1.46           0.78           Missed