United Natural: Fiscal Q4 Earnings Snapshot

September 27, 2022 GMT

PROVIDENCE, R.I. (AP) _ United Natural Foods Inc. (UNFI) on Tuesday reported fiscal fourth-quarter net income of $39 million.

The Providence, Rhode Island-based company said it had net income of 63 cents per share. Earnings, adjusted for non-recurring costs, were $1.27 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

The organic and specialty foods distributor posted revenue of $7.27 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $7.3 billion.

For the year, the company reported profit of $248 million, or $4.07 per share. Revenue was reported as $28.93 billion.

United Natural expects full-year earnings in the range of $4.85 to $5.15 per share, with revenue in the range of $29.8 billion to $30.4 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNFI at https://www.zacks.com/ap/UNFI