United Natural Foods, Inc. (NASDAQ:UNFI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
United Natural Foods, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 41.3% to $0.65 in the quarter versus EPS of $0.46 in the year-earlier quarter.
Revenue: Rose 22.2% to $1.64 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: United Natural Foods, Inc. reported adjusted EPS income of $0.65 per share. By that measure, the company beat the mean analyst estimate of $0.53. It beat the average revenue estimate of $1.57 billion.
Quoting Management: “UNFI crossed the $6 billion annual net sales mark, and most importantly demonstrated real progress across all of our core strategies resulting in over 18% net income growth compared to the prior year,” said Steven Spinner, President and Chief Executive Officer.
Key Stats (on next page)…