Shares of United Natural Foods, Inc. (UNFI) dropped over 16% on Tuesday morning after the company reported third-quarter results.
The stock is currently trading at $43.32, down $8.33 or 16.12%, on the NYSE. It opened at $41.93 after closing the previous session at $51.64. The stock has traded between $20.78 and $57.02 over the past 52 weeks.
The company reported third-quarter net sales of $7.72 billion, down 4.2% year-over-year. Net income improved to $33 million, or $0.52 per share, compared with a net loss of $7 million, or $0.12 per share, a year earlier.
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