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
United Natural Foods Boosts FY24 Bottom Line Outlook, But Backs Net Sales - Update
United Natural Foods Boosts FY24 Bottom Line Outlook, But Trims Net Sales - Update
United Natural Foods Affirms FY24 Outlook For Adj. Per Share Results, Net Sales - Update
United Natural Foods Says UNFI Retail CEO Michael Stigers To Resign
United Natural Foods Slashes FY23 Earnings Outlook - Update
U.S. Dollar Ticks Lower As Investors Monitor Developments In Middle East
TSX Drops Nearly 2.5%; Materials, Tech Stocks Down Sharply
