United Natural Foods jumps on annual forecast raise, surprise Q1 profit

United Natural Foods

10/12/2024 15:03

(Updates)
    ** Shares of grocery wholesaler United Natural Foods
 UNFI.N  up as much as 30.4% at $32.19 - highest since March
2023
    ** Company posts surprise Q1 adj. profit of 16 cents/share,
compared with analysts' estimate of a loss of 2 cents/share -
data compiled by LSEG
    ** Reports quarterly net sales of $7.87 bln vs estimates of
$7.61 bln, owing to a 2% rise in wholesale unit volumes
    ** Raises FY25 annual sales forecast to between $30.6 bln
and $31 bln vs prior range of $30.3 bln to $30.8 bln
    ** Forecasts fiscal 2025 adj. EPS in the range of 40-80
cents vs prior projection of 20-80 cents
    ** Up to last close, stock up about 52% YTD

 (Reporting by Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))