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UNFI / United Natural Foods stock plunges toward 2 1/2-year low after missing profit expectations, slashing full-year outlook

United Natural Foods stock plunges toward 2 1/2-year low after missing profit expectations, slashing full-year outlook
Shares of United Natural Foods Inc. UNFI, +3.14% tumbled 24.9% toward a 2 1/2-year low in premarket trading Wednesday, after the grocery wholesaler reported a fiscal third-quarter profit that fell well short of expectations and slashed its full-year outlook as gross margin fell more than forecast. Net income fell to $7 million, or 12 cents a share, from $67 million, or $1.10 a share, in the year-ago period. Read More
Posted: Jun 7 2023, 07:15
Author Name: Market Watch
Views: 110755

UNFI News  

Why United Natural Foods Stock Popped 12% This Week

By The Motley Fool
October 13, 2023

Why United Natural Foods Stock Popped 12% This Week

Investors cheered as United Natural Foods' CFO and CEO each bought shares in recent weeks. The purchases followed a sharp pullback late last month on more_horizontal

Why Shares of United Natural Foods Slumped This Week

By The Motley Fool
September 28, 2023

Why Shares of United Natural Foods Slumped This Week

The company needs to upgrade its supply chain and modernize its technology. That transformation will be a multiyear effort, and it will take time to t more_horizontal

United Natural Foods Shares Crater After Posting a Loss and Its Guidance Misses Estimates

By Investopedia
September 26, 2023

United Natural Foods Shares Crater After Posting a Loss and Its Guidance Misses Estimates

Shares of United Natural Foods (UNFI) plunged over 27% on Tuesday to a more than three-year low after the natural and organic food distributor posted more_horizontal

United Natural Foods, Inc. (UNFI) Q4 2023 Earnings Call Transcript

By Seeking Alpha
September 26, 2023

United Natural Foods, Inc. (UNFI) Q4 2023 Earnings Call Transcript

United Natural Foods, Inc. (NYSE:UNFI ) Q4 2023 Earnings Conference Call September 26, 2023 8:30 AM ET Company Participants Steve Bloomquist - VP, IR more_horizontal

Here's Why United Natural Foods Stock Crashed Today

By The Motley Fool
September 26, 2023

Here's Why United Natural Foods Stock Crashed Today

United Natural Foods swung to a net loss in its most recent quarter, partly due to inflation and theft. The company is reworking its board of director more_horizontal

UNFI Says CPG Brands Will Need to Step Up Deals to Get Customers Back

By PYMNTS
September 26, 2023

UNFI Says CPG Brands Will Need to Step Up Deals to Get Customers Back

As grocery inflation normalizes, United Natural Foods, Inc. (UNFI) expects brands to start offering more deals and discounts, which the company sees a more_horizontal

United Natural Foods Stock Marks 3-Year Low After Revenue Miss

By Schaeffers Research
September 26, 2023

United Natural Foods Stock Marks 3-Year Low After Revenue Miss

United Natural Foods IncĀ ( NYSE:UNFI) stockĀ is sinking, last seen down 16.3% at $15.82, after the company reported a revenue miss for the fiscal fou more_horizontal

United Natural (UNFI) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

By Zacks Investment Research
September 26, 2023

United Natural (UNFI) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for United Natural (UNFI) give a sense of how the business performed in the quarter ended July 2023, it could b more_horizontal


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