United Natural Foods Slashes FY23 Earnings Outlook - Update
(RTTNews) - While reporting financial results for the second quarter on Wednesday, United Natural Foods, Inc. (UNFI) slashed its earnings and adjusted earnings guidance for the full-year 2023, while raising annual net sales outlook.
For fiscal 2023, the company now projects earnings in the range of $1.50 to $2.35 per share and adjusted earnings in the range of $3.05 to $3.90 per share on net sales between $30.1 billion and $30.5 billion.
Previously, the company expected earnings in the range of $3.95 to $4.25 per share and adjusted earnings in the range of $4.85 to $5.15 per share on net sales between $29.8 billion and $30.4 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.00 per share on net sales of $30.22 billion for the year. Analysts' estimates typically exclude special items.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
United Natural Foods Boosts FY24 Bottom Line Outlook, But Backs Net Sales - Update
United Natural Foods Boosts FY24 Bottom Line Outlook, But Trims Net Sales - Update
United Natural Foods Affirms FY24 Outlook For Adj. Per Share Results, Net Sales - Update
United Natural Foods Says UNFI Retail CEO Michael Stigers To Resign
United Natural Foods Guides FY23 In Line With Estimates - Update
Home Depot Q4 Beats Market; Sees Weak Earnings, Higher Sales In FY25; Stock Drops
Yen Rises On BoJ Rate Hike Bets
