UNFI Beats Q2 Adjusted EPS, Raises FY EPS Outlook; Sales Miss Estimates
Summary
United Natural Foods reported Q2 adjusted EPS of $0.62, surpassing the IBES estimate of $0.51. However, the company's Q2 sales of $7,947 million fell short of the $8,108 million estimate. For the full fiscal year, UNFI raised its adjusted EPS guidance to $2.30-$2.70, which is above the prior estimate of $2.18, but lowered its sales outlook to $31.0-$31.4 billion, below the $31.923 billion estimate. The adjusted EPS beat and improved full-year EPS guidance are positive for profitability, but the sales miss and reduced sales forecast highlight ongoing top-line challenges. Traders will weigh the company's ability to manage earnings against its revenue growth trajectory.
At the time of this announcement, UNFI was trading at $40.21 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $20.78 to $43.29. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.