United Natural Foods Beats On Q4 Earnings, Thanks To Inflation And Higher Volumes
Portfolio Pulse from Lekha Gupta
United Natural Foods Inc (UNFI) reported strong Q4 earnings, with a 10% sales increase to $8.15 billion, beating estimates. The company's gross margin improved, and adjusted EPS exceeded expectations. UNFI shares rose 9.51% premarket. Investors can access UNFI through ETFs CPAI and RWJ.
October 01, 2024 | 12:56 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Investors can gain exposure to UNFI through the Northern Lights Fund Trust III Counterpoint Quantitative Equity ETF (CPAI).
CPAI ETF provides exposure to UNFI, which has reported strong earnings. This could positively impact CPAI's performance as UNFI's stock rises.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to UNFI through the Invesco S&P SmallCap 600 Revenue ETF (RWJ).
RWJ ETF includes UNFI, which has shown strong earnings performance. This could lead to a positive impact on RWJ's value as UNFI's stock price increases.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
United Natural Foods Inc reported a strong Q4 with a 10% sales increase, improved gross margin, and adjusted EPS beating expectations. Shares surged 9.51% premarket.
UNFI's strong Q4 performance, with sales and EPS beating expectations, has led to a significant premarket share price increase. The company's improved financial metrics and positive outlook contribute to a positive short-term impact on its stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100