logo
  

United Natural Foods Sees FY21 Adj. EPS, Sales In Line With Estimates - Quick Facts

While reporting financial results for the third quarter on Wednesday, United Natural Foods, Inc. (UNFI) said it now expects adjusted earnings for the full-year 2021 at the upper end of the guidance range and sales at the low end of the guidance range, due to the extended timing of onboarding new business wins.

For fiscal 2021, the company still projects earnings in a range of $2.15 to $2.65 per share and adjusted earnings in a range of $3.05 to $3.55 per share on net sales between $27 billion and $27.8 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.42 per share on net sales of $27.21 billion for the year. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Electric Company (GE) said it delivered a strong third quarter as orders grew, and margins continued to improve from a year ago. Adjusted GE Industrial organic profit increased 54% year-on-year, organically, driven primarily by increases at Aviation and Power, partially offset by decreases at... Ward Hill, Massachusetts-based Cedar's Mediterranean Foods is recalling Cedar's Organic Mediterranean Hommus citing undeclared pine nut, an allergen, the U.S. Food and Drug Administration said. The Cedar's Organic Mediterranean Hommus is packaged in a 10 oz. plastic container, with a UPC Code: 044115403028. Shares of UBS Group AG were gaining around 2 percent in Swiss trading after the banking major reported Tuesday higher profit in its third quarter with growth in net interest income. Further, the company said it intends to repurchase up to $0.6 billion of shares during the fourth quarter. The company will provide strategic update on February 1, 2022.
Follow RTT