United Natural Foods Narrows FY2024 Adj EPS Guidance from $(0.88)-0.38 to $(0.56)-0.06 vs $0.04 Est; Narrows FY2024 Sales Guidance from $30.90B-31.50B to $30.50B-31.00B vs $31.01B Est
Portfolio Pulse from Benzinga Newsdesk
United Natural Foods (UNFI) has updated its fiscal year 2024 guidance, narrowing its adjusted EPS range from $(0.88)-$0.38 to $(0.56)-$0.06, which is below the $0.04 estimate. Sales guidance was also narrowed from $30.90B-$31.50B to $30.50B-$31.00B, compared to a $31.01B estimate. The company adjusted its net loss and EBITDA projections, indicating a slightly improved but still challenging financial outlook.
March 06, 2024 | 12:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
United Natural Foods has revised its FY2024 guidance, indicating a narrower but still negative adjusted EPS range and a slight decrease in sales forecast. This revision suggests a challenging financial year ahead.
The downward revision in both adjusted EPS and sales guidance for FY2024 suggests that United Natural Foods is facing significant financial challenges. The adjusted EPS being below the estimated $0.04 and the sales forecast being revised down closer to the lower end of the initial range indicate potential operational or market difficulties. This news is likely to negatively impact investor sentiment in the short term, as it reflects lower than expected financial performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100