United Natural: Fiscal Q1 Earnings Snapshot
PROVIDENCE, R.I. (AP) — PROVIDENCE, R.I. (AP) — United Natural Foods Inc. (UNFI) on Wednesday reported a loss of $39 million in its fiscal first quarter.
The Providence, Rhode Island-based company said it had a loss of 67 cents per share. Losses, adjusted for one-time gains and costs, came to 4 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
The organic and specialty foods distributor posted revenue of $7.55 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $7.56 billion.
United Natural expects full-year results to range from a loss of 88 cents per share to earnings of 38 cents per share, with revenue in the range of $30.9 million to $31.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNFI at https://www.zacks.com/ap/UNFI
