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- United Natural Foods Inc (NYSE:UNFI) reported a fourth-quarter FY21 sales decline of 0.5% year-on-year, to $6.74 billion, missing the analyst consensus of $6.85 billion. Sales improved 7.5% on a two-year stack basis.
- The gross margin in the fourth quarter was 14.91% versus 14.84% last year.
- The operating margin was 0.7%, and operating income for the quarter fell 43.7% to $45 million.
- The company held $41 million in cash and equivalents as of July 31, 2021. Net cash provided by operating activities for the year totaled $614 million.
- Adjusted EBITDA of $201 million rose 1.5% Y/Y.
- Adjusted EPS of $1.18 beat the analyst consensus of $0.80.
- Outlook: United Foods sees FY22 sales of $27.8 billion - $28.3 billion versus the consensus of $27.81 billion.
- The company expects FY22 adjusted EPS of $3.90 - $4.20 versus the consensus of $3.38.
- Price Action: UNFI shares are trading higher by 17.2% at $44.5 on the last check Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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