United Natural Foods Stock Jumps On Strong FY22 Outlook

United Natural Foods Inc 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.

Momentum96.87

Growth35.94

Quality72.25

Value1.08

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