United Natural Foods Q1 Adj EPS $(0.04) Beats $(0.21) Estimate, Sales $7.55B Miss $7.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
United Natural Foods (UNFI) reported Q1 adjusted EPS of $(0.04), surpassing the $(0.21) estimate, marking an 80.95% beat but a 103.54% decrease from $1.13 per share last year. Sales reached $7.55B, slightly missing the $7.62B estimate by 0.89%, yet representing a 0.27% increase from the previous year.
December 06, 2023 | 12:01 pm
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NEUTRAL IMPACT
United Natural Foods beat EPS estimates but reported a significant decrease from last year's earnings and a slight miss in sales estimates.
While UNFI beat the EPS estimates, which could be seen as a positive, the significant year-over-year decrease in earnings and the slight miss in sales forecasts may temper investor enthusiasm. The mixed results present both positive and negative signals, likely leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100