United Natural Foods Guides FY23 In Line With Estimates - Update

RTTNews | 1008 days ago
Stocktwits
United Natural Foods Guides FY23 In Line With Estimates - Update

(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, grocery wholesaler United Natural Foods, Inc. (UNFI) initiated its adjusted earnings and net sales guidance for the full-year 2023, in line with analysts' expectations.

For fiscal 2023, the company now projects earnings in the range of $3.95 to $4.25 per share and adjusted earnings in the range of $4.85 to $5.15 per share on net sales between $29.8 billion and $30.4 billion.

On average, eleven analysts polled by Thomson Reuters expect the company to report earnings of $5.09 per share on net sales of $30.11 billion for the year. Analysts' estimates typically exclude special items.

On September 21, the Company's Board of Directors approved a new stock repurchase program that authorizes the Company to repurchase up to $200 million of its shares over four years. This program replaces the Company's previous repurchase program announced on October 6, 2017.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: UNFI
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United Natural Foods Slashes FY23 Earnings Outlook - Update

United Natural Foods Slashes FY23 Earnings Outlook - Update

While reporting financial results for the second quarter on Wednesday, United Natural Foods, Inc. (UNFI) slashed its earnings and adjusted earnings guidance for the full-year 2023, while raising annual net sales outlook.
RTTNews | 846 days ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market started off on a positive note Tuesday morning, and despite slipping below the flat line and seeing a long spell in negative territory, emerged higher in the final hour of the session to settle with a modest gain.
RTTNews | 3h 3min ago
European Stocks Close Broadly Lower

European Stocks Close Broadly Lower

European stocks closed broadly lower on Tuesday with investors awaiting Trump administration's trade negotiations with major countries in Europe and elsewhere ahead of the July 9 deadline for reciprocal tariffs.
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