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United Natural Foods (UNFI) Has Tumbled To A New Low After Q1 Miss

United Natural Foods (UNFI) reported first quarter adjusted EPS of $0.59 after the close Thursday, which fell short of the consensus estimate of $0.73. The company expects to report full year 2019 adjusted EPS of $1.69 to $1.89. Street expectations are for EPS of $3.33.

United Natural Foods gapped open lower Friday and has continued to lose ground in early trade. Shares are now down 4.56 at $15.16 on above average volume. The stock has tumbled to a new low for the year.

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