Categories Analysis, Consumer

United Natural Foods, Inc. (UNFI): Q2 2020 Earnings Snapshot

Earnings Update by AlphaStreet

—  United Natural Foods (NASDAQ: UNFI) reported earnings of $0.32 per share in the second quarter of 2020, vs $0.27 per share expected.

— Q2 net sales were flat at $6.14 billion, in line with Wall Street expectation. 

— For FY20, the company expects net sales in the range of $23.5-24.3 billion. Adjusted EPS for this period is projected to be $0.85 – $1.45. 

— UNFI shares rose 1.5% immediately following the announcement.

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