United Natural Foods shares fall after quarterly revenue miss

Net income came successful astatine $7.72 billion, abbreviated of the $7.8 cardinal analysts had forecast.

The institution posted adjusted net per stock of $0.77 for the quarter, edging past the statement estimation of $0.76. Adjusted EBITDA of $183 cardinal was astir successful enactment with expectations of $182.3 million.

For the afloat year, United Natural Foods tightened its guidance ranges crossed cardinal metrics. The institution present sees nett income of $31.1 cardinal to $31.3 billion, narrowing from a anterior scope of $31 cardinal to $31.4 billion. It raised the level of its adjusted EPS outlook to $2.40 to $2.60, from $2.30 to $2.70 previously, portion guiding for adjusted EBITDA of $685 cardinal to $705 million, compared with anterior guidance of $680 cardinal to $710 million.

United Natural Foods operates 55 organisation centers crossed astir 30 cardinal quadrate feet of warehouse space, supplying natural, integrated and accepted market products to much than 30,000 retail locations passim the United States and Canada.