UNFI stock is down nearly 25% today after United Natural Foods Inc (NYSE:UNFI) reported disappointing fourth-quarter results.
The organic and specialty foods retailer reported quarterly earnings of $0.44 per share, which undershot Zacks Consensus Estimate of $0.69 per share and is a considerable drop off from $0.76 per share reported a year ago. The missed earnings came as a surprise for investors in UNFI stock, particularly given that the company beat earnings per share expectations by nearly 20% in the previous quarter, and had surpassed consensus EPS estimates twice in the last four quarters.
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