United Natural Foods Lowers FY23 Profitability Outlook
Portfolio Pulse from Benzinga Newsdesk
United Natural Foods (UNFI) has lowered its profitability outlook for FY23 due to supply chain disruptions and inflationary pressures.
June 07, 2023 | 11:05 am
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United Natural Foods (UNFI) has reduced its FY23 profitability outlook, which may negatively impact its stock price in the short term.
United Natural Foods has lowered its profitability outlook for FY23, which is a direct indication of the company's financial performance. This news is likely to be perceived negatively by investors, leading to a potential decrease in the stock price in the short term. The lowered outlook is due to supply chain disruptions and inflationary pressures, which are factors that can significantly impact a company's profitability.
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IMPORTANCE 80
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