United Natural Foods Q2 Adj. EPS $0.07 Beats $(0.01) Estimate, Sales $7.78B Miss $7.87B Estimate
Portfolio Pulse from Benzinga Newsdesk
United Natural Foods (UNFI) reported Q2 adjusted EPS of $0.07, surpassing the $(0.01) estimate, but its sales of $7.78B fell short of the $7.87B estimate. This represents a 91.03% decrease in earnings and a 0.46% decrease in sales from the same period last year.
March 06, 2024 | 11:56 am
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NEUTRAL IMPACT
United Natural Foods reported a mixed Q2 with an EPS beat but a miss on sales forecasts, showing a significant decrease in earnings compared to last year.
The mixed results with an EPS beat but a sales miss could lead to neutral short-term stock price movement. The significant decrease in earnings YOY is concerning, but the EPS beat may offset negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100