United Natural: Fiscal 4Q Earnings Snapshot
PROVIDENCE, R.I. (AP) _ United Natural Foods Inc. (UNFI) on Thursday reported fiscal fourth-quarter profit of $32.8 million.
On a per-share basis, the Providence, Rhode Island-based company said it had profit of 64 cents. Earnings, adjusted for one-time gains and costs, came to 76 cents per share.
The results did not meet Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The organic and specialty foods distributor posted revenue of $2.59 billion in the period, also falling short of Street forecasts. Fourteen analysts surveyed by Zacks expected $2.61 billion.
For the year, the company reported profit of $165.7 million, or $3.26 per share. Revenue was reported as $10.23 billion.
United Natural expects full-year earnings in the range of $3.48 to $3.58 per share, with revenue in the range of $11.1 billion to $11.3 billion.
United Natural shares have fallen 31 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $33.85, a fall of 19 percent in the last 12 months.