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0 -0.000417014178481985 -0.00458715596330273 0.00250208507089251 -0.00333611342785648 -0.0100083402835696 -0.00875729774812347 -0.00166805671392824
Stock impact report

United Natural (UNFI) Q2 Earnings Top Estimates, Sales Fall Y/Y [Yahoo! Finance]

United Natural Foods, Inc. (UNFI) 
Last united natural foods, inc. earnings: 3/11 06:58 am Check Earnings Report
Company Research Source: Yahoo! Finance
UNFI posted second-quarter fiscal 2024 results, wherein the top and bottom lines declined year over year, and net sales missed the Zacks Consensus Estimate. Management lowered its net sales guidance for fiscal 2024 while narrowing its adjusted EBITDA and bottom-line guidance range. Nonetheless, the results underscore the commitment and advancements made by the company toward execution and profitability enhancement during the crucial holiday period. UNFI experienced greater-than-expected advantages from short-term strategies aimed at value creation, alongside witnessing notable progress in shrink management, which helped offset the anticipated decrease in procurement benefits and expenses associated with launching a new distribution center. Quarter in Detail United Natural's adjusted earnings came in at 7 cents per share, which beat the Zacks Consensus Estimate of 1 cent. However, the bottom line slumped 91% from 78 cents reported in the year-ago period. United Natural Foods, I Show less Read more
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