United Natural Foods Reaffirms Its Expectations For FY Net Sales Of $30.9B-$31.5B, Adjusted EPS Of $(0.88)-$0.38
Portfolio Pulse from Benzinga Newsdesk
United Natural Foods (UNFI) has reaffirmed its financial guidance for the fiscal year, maintaining its net sales projection of $30.9 billion to $31.5 billion and its adjusted earnings per share (EPS) forecast to be between a loss of $0.88 and a gain of $0.38.
December 06, 2023 | 12:04 pm
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United Natural Foods has confirmed its fiscal year guidance with net sales expected to be between $30.9B and $31.5B and adjusted EPS to range from a $0.88 loss to a $0.38 gain.
Reaffirming financial guidance typically indicates stability in a company's performance and outlook. While this news does not introduce new information that would significantly change investor expectations, it does provide reassurance about the company's stability and may help maintain investor confidence. However, the wide range of the EPS forecast, including the possibility of a loss, suggests there is still some uncertainty regarding profitability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100