United Natural Foods Slashes FY23 Earnings Outlook - Update

RTTNews | 782 days ago
Stocktwits
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

Tags: UNFI
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United Natural Foods Guides FY23 In Line With Estimates - Update

United Natural Foods Guides FY23 In Line With Estimates - Update

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.
RTTNews | 944 days ago
European Shares Edge Higher In Cautious Trade

European Shares Edge Higher In Cautious Trade

European stocks traded higher on Monday as tariff tensions eased and investors looked ahead to a busy week of earnings, with four of the Magnificent Seven companies— Amazon, Apple, Meta Platforms and Microsoft — due to report their quarterly results.
RTTNews | 3 minutes ago
European Shares Seen Opening Up In Cautious Trade

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European stocks are likely to open on a steady note Monday after U.S. stocks posted their longest advance in three months on Friday amid signs of easing trade tensions and bets the Federal Reserve will cut interest rates as early as June, as the American economy softens.
RTTNews | 3h 27min ago
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