I am going to say: Above; Obviously I am long & I have no info other than speculation. But here is my reasoning. UNFI's last miss was 3rd qtr due to fuel cost. Well fuel prices have come down. More importantly have been positive earnings of natural/organic related companies. True WFMI missed by a penny but WFMI had higher cost due to opening new stores. Wild Oats another customer of UNFI suprised Wall Street with it's upside earnings. Wild Oats has been considered a laggard in the organic industry. My beliefs are also based on another industry last summer. I owned Norfolk Southern and NSC along with other RR stocks had been lagging the marke due to high fuel costs. But all RR stocks started reporting upside earnings & NSC reported last with very good 2nd qtr #'s. Just my speculation 2 cents. We shall see Tuesday but I am cautiosly optimistic on UNFI's earnings.
I think a better metric to look at would be sales not earnings when looking at WFMI & OATS. Presumably as WFMI & OATS sales increase, a bit of that action should be coming UNFI's way. Higher sales are a positive for UNFI as long as they are making money on the higher sales!