United Natural Foods Sees FY24 Net Sales $30.5B-$31B vs $30.78B Est.; Sees Adj. EPS $(0.20)-$0.20 vs $(0.06) Est.
Portfolio Pulse from Benzinga Newsdesk
United Natural Foods (UNFI) has provided its financial outlook for FY24, projecting net sales between $30.5 billion and $31 billion, compared to the estimated $30.78 billion. The company also forecasts adjusted EPS in the range of $(0.20) to $0.20, against the estimated $(0.06).
June 05, 2024 | 11:05 am
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United Natural Foods (UNFI) has provided its FY24 financial outlook, with net sales expected to be between $30.5 billion and $31 billion, slightly above the estimated $30.78 billion. However, the adjusted EPS forecast ranges from a loss of $(0.20) to a gain of $0.20, which is below the estimated $(0.06).
The net sales projection is slightly above estimates, which is positive. However, the wide range in adjusted EPS, including a potential loss, introduces uncertainty and could be seen as a negative by investors. This mixed outlook is likely to result in a neutral short-term impact on the stock price.
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