United Natural Foods Boosts FY24 Bottom Line Outlook, But Backs Net Sales - Update

(RTTNews) - While reporting financial results for the third quarter on Wednesday, United Natural Foods, Inc. (UNFI) raised its adjusted bottom line results guidance for the full-year 2024, while maintaining annual net sales outlook.

For fiscal 2024, the company now projects a loss in a range of $1.85 to $1.45 per share and adjusted results between a loss of $0.20 per share and earnings of $0.20 per share on net sales between $30.5 billion and $31.0 billion.

Previously, the company expected a loss in the range of $1.70 to $1.08 per share and adjusted results between a loss of $0.56 per share and earnings of $0.06 per share on net sales between $30.5 billion and $31.0 billion.

On average, analysts polled by Thomson Reuters expect the company to report a loss of $0.06 per share on net sales of $30.78 billion for the year. Analysts' estimates typically exclude special items.

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