United Natural Foods stock rises after earnings and sales beat

United Natural Foods Inc. /zigman2/quotes/202981234/composite UNFI +3.26% 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 /zigman2/quotes/210599714/realtime SPX +1.47% is up 24.8% for the period.

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United Natural Foods Inc.

US : U.S.: NYSE

$ 43.77

+1.38 +3.26%

Volume: 425,857

Feb. 2, 2023 4:00p

P/E Ratio

11.25

Dividend Yield

N/A

Market Cap

$2.54 billion

Rev. per Employee

$972,376

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S&P 500 Index

US : S&P US

4,179.76

+60.55 +1.47%

Volume: 0.00

Feb. 2, 2023 5:04p