UNFI Lowers FY24 GAAP EPS Outlook From $(2.02) - $(0.76) To $(1.70) - $(1.08) Vs. $(0.64) Estimate
Portfolio Pulse from Benzinga Newsdesk
UNFI has revised its FY24 GAAP EPS outlook downwards from $(2.02) - $(0.76) to $(1.70) - $(1.08), against an estimate of $(0.64). The company also adjusted its full-year net sales forecast to $30.5 - $31.0 billion from the previous $30.9 - $31.5 billion, and its net loss projection to $(101) - $(65) million from $(120) - $(46) million. Adjusted EPS is now expected to be between $(0.56) and $0.06, compared to the prior forecast of $(0.88) to $0.38. Adjusted EBITDA is anticipated to be $475 - $525 million, slightly adjusted from $450 - $550 million. Capital and cloud implementation expenditures remain unchanged at approximately $400 million.
March 06, 2024 | 12:02 pm
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UNFI has lowered its FY24 GAAP EPS outlook and made adjustments to its full-year financial projections, including net sales, net loss, adjusted EPS, and adjusted EBITDA.
The downward revision in UNFI's financial outlook, especially the GAAP EPS, indicates potential challenges that could negatively impact investor sentiment and the stock price in the short term. The adjustments in net sales, net loss, and EPS projections further contribute to a cautious outlook for the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100