UNFI - United Natural Foods: Green Shoots Arriving
2024-06-11 10:30:18 ET
Summary
- United Natural Foods, Inc. is showing signs of improvement, although the current numbers don't fully reflect this.
- The company's acquisition of SuperValu killed the trajectory of a former growth darling, as the pandemic provided a lifeline.
- United Natural Foods' recent quarterly results and guidance for 2025 indicate a potential turnaround, but caution is still advised as earnings remain fragile and debt remains elevated.
Early in the year I called shares of United Natural Foods, Inc. ( UNFI ) still challenged, although minor green shoots were on the arrival. These green shoots are now arriving here, in word, more so than the current numbers. The sequential improvements should provide comfort in the turnaround story and derisk the downside, although much more work remains to be done....
United Natural Foods: Green Shoots Arriving