United Natural Foods Inc announced higher-than-expected earnings and sales for the first quarter, with its share up 2.8% in pre-conference trading.
Net income was $ 76 million, or $ 1.25 a share, compared with a loss of $ 1 million, or 2 cents a year, a year ago.
Adjusted earnings per share stood at 97 cents, compared to estimates for 58 cents.
Sales rose to $ 6.997 billion, up from $ 6.684 billion a year earlier. Convergent estimates put the figure at $ 6.792 billion.
For the full year 2022, United Natural Foods expects sales of $ 27.8-28.3 billion, earnings per share of $ 3.60-3.90 and adjusted earnings per share of $ 3.90-4.20.
FactSet expects sales of $ 27.948 billion and earnings per share of $ 4.09.
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Source From: Capital
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