United Natural Foods Sees FY24 Net Sales Of $30.9B-$31.5B Vs. $31.03B Consensus; Adjusted EPS Of $(0.88)-$0.38 Vs. $2.46 Consensus, And Adjusted EBITDA Of $450M-$550M
Portfolio Pulse from Benzinga Newsdesk
United Natural Foods (UNFI) has provided its fiscal 2024 outlook, expecting net sales of $30.9B-$31.5B, adjusted EPS of $(0.88)-$0.38, and adjusted EBITDA of $450M-$550M. These figures are lower than the consensus estimates of $31.03B in net sales and $2.46 in adjusted EPS. The outlook reflects lower anticipated procurement gains due to moderating inflation and the restoration of performance-based incentive cash compensation.
September 26, 2023 | 12:06 pm
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UNFI's FY24 outlook is lower than consensus estimates, which could negatively impact investor sentiment and the stock's price in the short term.
UNFI's lower than expected FY24 outlook, particularly in terms of net sales and adjusted EPS, could lead to a negative reaction from investors. This could put downward pressure on the stock's price in the short term.
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