United Natural Foods jumps on raising annual forecasts, beating Q1 estimates

United Natural Foods

10/12/2024 12:43

** Shares of grocery wholesaler United Natural Foods
 UNFI.N  up ~7% at $26.38 premarket
    ** Co posts surprise Q1 profit of 16 cents/share, compared
with analysts' estimates of a loss of 2 cents/share, as per data
compiled by LSEG
    ** Reports quarterly net sales of $7.87 bln vs estimates of
$7.61 bln, owing to 2% rise in wholesale unit volumes
    ** Raises FY25 annual sales forecast, betting on positive
volume trends
    ** Expects annual net sales to be between $30.6 bln and $31
bln vs prior forecast range of $30.3 bln to $30.8 bln
    ** Sees fiscal 2025 adj. EPS in the range of 40-80 cents vs
prior forecast of 20-80 cents
    ** Up to last close, stock up about 52% YTD

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