United Natural Foods Not Moving After Inline Q2
United Natural Foods (NASDAQ: UNFI) doesn't seem to be moving in after-hours trading after the company released its second quarter results.
The firm reported a Q2 EPS of EPS of $0.56, which was inline with Wall Street's estimate.
Earnings per share were up 22 percent from the year-ago period.
Revenue came to $1.65 billion versus the Street estimate of $1.64 billion. Sales were up 14 percent year-over-year.
"Our independent channel grew over 11% during the quarter driven by continued innovation in products and services supported by UNFI's extensive product offering," Steven Spinner, President and CEO of United Natural Foods, said in a company release.
"Continued demand for our products further demonstrates that the trend towards natural and organic consumption continues to gain momentum."
Year-to-date, United Natural Foods is up less than one percent. The stock has performed well over the last 12 months, gaining more than 50 percent.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.
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