United Natural Foods Inc. (NYS:UNFI) shares rose nearly 7% in Wednesday premarket trading after the food wholesaler reported fiscal first-quarter earnings and sales that beat expectations. Net income totaled $76 million, or $1.25 per share, after a loss of $1 million, or 2 cents per share, last year. Adjusted EPS of 97 cents blew past the FactSet consensus for 58 cents. Sales of $6.997 billion were up from $6.684 billion last year. The FactSet consensus was for $6.792 billion. For fiscal 2022, United Natural Foods is guiding for sales of $27.8 billion to $28.3 billion, EPS of $3.60 to $3.90, and adjusted EPS of $3.90 to $4.20. The FactSet consensus is for sales of $27.948 billion and EPS of $4.09. United Natural stock has soared more than 207% in 2021 while the S&P 500 index (S&P:SPX) is up 24.8% for the period.
Dec. 8, 2021, 7:49 a.m. EST