United Natural Foods Guides FY23 In Line With Estimates - Update

RTTNews | 773 days ago
Stocktwits
United Natural Foods Guides FY23 In Line With Estimates - Update

(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, grocery wholesaler United Natural Foods, Inc. (UNFI) initiated its adjusted earnings and net sales guidance for the full-year 2023, in line with analysts' expectations.

For fiscal 2023, the company now projects 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, eleven analysts polled by Thomson Reuters expect the company to report earnings of $5.09 per share on net sales of $30.11 billion for the year. Analysts' estimates typically exclude special items.

On September 21, the Company's Board of Directors approved a new stock repurchase program that authorizes the Company to repurchase up to $200 million of its shares over four years. This program replaces the Company's previous repurchase program announced on October 6, 2017.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: UNFI
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United Natural Foods Slashes FY23 Earnings Outlook - Update

United Natural Foods Slashes FY23 Earnings Outlook - Update

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.
RTTNews | 611 days ago
Richemont H1 Profit Hits On Weak China Demand; Stock Dips

Richemont H1 Profit Hits On Weak China Demand; Stock Dips

Shares of Compagnie Financiere Richemont AG were losing around 4 percent in the morning trading in Switzerland after the Swiss luxury goods group reported Friday sharply lower profit in its first half with wider loss from discontinued operations as well as slightly lower sales. Weak demand in Asia Pacific, mainly China, offset improved performance in all other regions.
RTTNews | 5h 24min ago
European Shares Slide As China Approves $838bn Debt Swap

European Shares Slide As China Approves $838bn Debt Swap

European stocks drifted lower on Friday as China's top legislative body - the National People's Congress (NPC) - approved the State Council's proposal to increase local government debt limit by $838 billion after a week-long session.
RTTNews | 5h 32min ago
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