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 story : United Natural Foods beats sales and adjusted profit targets, shares rise #FinanceUSA #StockMarketNEWS United Natural Foods Inc. shares rose 2.1% on Tuesday after the company said its fourth-quarter

@stockMarketNEWS Wed 28 Sep, 2022

Posted in: #FinanceUSA #StockMarketNEWS

United Natural Foods beats sales and adjusted profit targets, shares rise #FinanceUSA #StockMarketNEWS
United Natural Foods Inc. shares rose 2.1% on Tuesday after the company said its fourth-quarter net income fell to million, or 63 cents a share, from million, or 69 cents a share, in the year-ago quarter. Adjusted fourth-quarter profit rose to .27 a share from .25 a share. Fourth-quarter sales increased 8% to .27 billion from .74 billion. Analysts expected the food distributor to earn .26 a share on revenue of .1 billion, according to FactSet data. Looking ahead United Natural Foods expects fiscal 2023 adjusted earnings of .85 a share to .15 a share and sales of .8 billion to .4 billion. Analysts are currently expecting earnings of .09 a share and revenue of .1 billion, according to FactSet data. Shares of United Natural Foods are down 21.7% in 2022, compared to a 23.3% loss by the S&P 500 .


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