UNFI - United Natural Foods reports mixed FQ3 results raises adjusted profit outlook
2024-06-05 08:26:52 ET
United Natural Foods’ ( NYSE: UNFI ) efforts to trim costs and improve operational efficiencies continued to weigh on profitability in fiscal Q3, as the company’s adjusted earnings fell to just $0.10 from $0.85 in the same quarter last year. This was, however, 7 cents better than what the street was expecting and up 3 cents from the previous quarter. The EPS beat coupled with an increase in FY24 adjusted earnings is underpinning the stock price in Wednesday’s premarket trading, with UNFI up by nearly 3% before the open....
United Natural Foods reports mixed FQ3 results, raises adjusted profit outlook