While reporting financial results for the second quarter on Tuesday, United Natural Foods, Inc. (UNFI) raised its earnings and adjusted earnings guidance for the full-year 2026, while trimming annual net sales outlook.
For fiscal 2026, the company now projects earnings in a range of $0.80 to $1.20 per share and adjusted earnings in a range of $2.30 to $2.70 per share on net sales between $31.0 billion and $31.4 billion.
Previously, the company expected earnings in the range of $0.00 to $0.80 per share and adjusted earnings in the range of $1.50 to $2.30 per share on net sales between $31.6 billion and $32.0 billion.
For the second quarter, the company reported net income attributable to the company of $20 million or $0.31 per share, compared to a net loss of $3 million or $0.35 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter was $0.62 per share, compared to $0.22 per share in the year-ago quarter.
Net sales for the quarter declined 0.4 percent to $7.95 billion from $8.16 billion in the same quarter last year.
In Tuesday's pre-market trading, UNFI is trading on the NYSE at $38.42, down $0.38 or 0.98 percent.
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