United Natural Foods jumps after Q4 results beat

United Natural Foods

01/10/2024 16:38

** Shares of grocery wholesaler United Natural Foods
 UNFI.N  rise as much as 27.7% to more than a 15-month high
of$21.49
    ** UNFI posts Q4 adjusted EPS of 1 cent, beating ests. of a
loss of 10 cents, according to LSEG data
    ** Company posts revenue of $8.15 bln vs ests. of $7.94 bln,
helped by improving volumes
        ** Stock set for its best day since May 13, 2020 
  
    ** United Natural forecasts fiscal 2025 net sales between
$30.3 bln and $30.8 bln, compared to $30.98 bln it reported for
2024
    ** Expects annual adjusted EPS between 20 cents and 80 cents
vs 14 cents for fiscal 2024
    ** Eleven of 12 brokerages rate stock "hold" and one "sell",
with a median PT of $14
    ** Up to Monday's close, stock had risen 3.6% YTD

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))