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United Natural Foods (UNFI): Q1 2020 Earnings Snapshot

— United Natural Foods Inc. (NYSE: UNFI) reported Q1 2020 earnings of $0.12 per share, vs. $0.26 expected.

— Sales grew 114% to $6 billion, vs. $5.81 billion expected.

— FY2020 net sales is expected to be $23.5-24.3 billion.

— FY2020 GAAP net loss is expected to be $353-324 million.  

— FY2020 GAAP loss per share is expected to be $6.60-6.06.

— FY2020 adjusted EPS is expected to be $1.22-1.76.

— UNFI shares were up 5% immediately following the announcement.

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