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home / news releases / UNFI - United Natural Foods reports mixed Q2 earnings; withdrawn its long-term 2024 financial targets and updates FY23 guidance

UNFI - United Natural Foods reports mixed Q2 earnings; withdrawn its long-term 2024 financial targets and updates FY23 guidance

United Natural Foods Inc.

2023-03-08 07:03:30 ET

  • United Natural Foods press release ( NYSE: UNFI ): Q2 Non-GAAP EPS of $0.78 misses by $0.66 .
  • Revenue of $7.8B (+5.3% Y/Y) beats by $30M .
  • Adjusted EBITDA decreased 17.7% to $181M.
  • Raising FY2023 sales outlook, reiterating capital expenditure outlook and lowering profitability outlook: Net sales of $30.1B - $30.5B vs $31.44B consensus; Adjusted EPS of $3.05 - $3.90 vs $5.34 consensus; Adjusted EBITDA of $715B- $785B
  • Continuing transformation agenda to improve operational execution and profitability

For further details see:

United Natural Foods reports mixed Q2 earnings; withdrawn its long-term 2024 financial targets and updates FY23 guidance
Stock Information
Company Name: United Natural Foods Inc.
Stock Symbol: UNFI
Market: NYSE
Website: unfi.com
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