United Natural Foods Slashes FY23 Earnings Outlook - Update

RTTNews | 720 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 | 882 days ago
Europe New Car Registrations Decline In January

Europe New Car Registrations Decline In January

Europe's new car registrations declined in January as sales weakened across three major markets, the European Automobile Manufacturers' Association said Tuesday. New car sales decreased 2.6 percent from a year ago, in contrast to the 5.1 percent increase in December. Car registrations declined 6.2 percent in France and by 5.8 percent in Italy. Germany reported a moderate fall of 2.8 percent.
RTTNews | 5h 24min ago
China Maintains Medium-Term Lending Facility Rate

China Maintains Medium-Term Lending Facility Rate

The People's Bank of China conducted one-year medium-term lending facility operations on Tuesday and the interest rate on MLF was kept unchanged. The central bank issued CNY 300 billion of one-year MLF at a rate of 2.0 percent. The interest rate was unchanged from the previous operation.
RTTNews | 6h 3min ago
European Economics News Preview: Germany GDP Data Due

European Economics News Preview: Germany GDP Data Due

Revised quarterly national accounts data from Germany is due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's revised GDP data. The initial estimate showed that the largest euro area economy contracted 0.2 percent in fourth quarter after expanding 0.1 percent in the preceding quarter.
RTTNews | 6h 36min ago
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