UNFI - What's Going On With Grocery Wholesaler United Natural Foods Stock Wednesday? | Benzinga
Grocery wholesaler United Natural Foods Inc (NYSE:UNFI) shares are ticking higher after the third-quarter FY24 earnings and outlook update.
The company reported a third-quarter FY24 sales decline of 0.1% year-on-year to $7.498 billion, missing the analyst consensus estimate of $7.515 billion.
Gross margin for the quarter was 13.6% versus 13.3% last year. The gross profit climbed 2% to $1 billion.
Operating income for the quarter was $6 million compared to $33 million last year. Adjusted EBITDA of $130 million decreased ...