United Natural Foods Trades Lower On Big Q1 Earnings Miss

United Natural Foods Trades Lower On Big Q1 Earnings Miss

United Natural Foods, Inc. UNFI shares are trading lower after the company reported worse-than-expected first-quarter EPS results. The company also issued fiscal year 2020 EPS guidance below analyst estimates.

United Natural Foods reported first-quarter earnings of 12 cents per share, which missed the analyst consensus estimate of 28 cents by 57.14%. This is a 79.66% decrease over earnings of 59 cents per share from the same period last year.

The company reported quarterly sales of $6.02 billion, which beat the analyst consensus estimate of $5.8 billion by 3.79%. This is a 109.90% increase over sales of $2.868 billion the same period last year.

United Natural Foods shares were trading down 13.88% at $8.50 on Wednesday. The stock has a 52-week high of $15.63 and a 52-week low of $6.56.

Posted In: EarningsNews