United Natural Foods Earnings: Everything You Must Know Now
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)…
Revenue increased 4.84% from $1.57 billion in the previous quarter. EPS were the same at $0.65 as the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.57 and has not changed. For the current year, the average estimate has moved up from a profit of $2.48 to a profit of $2.49 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)