United Natural Foods (UNFI) Surpasses Q4 Earnings and Revenue Estimates

Core Viewpoint - United Natural Foods (UNFI) reported quarterly earnings of $0.01 per share, exceeding the Zacks Consensus Estimate of a loss of $0.08 per share, and showing improvement from a loss of $0.25 per share a year ago [1][2] Financial Performance - The company achieved revenues of $8.16 billion for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 3.57%, compared to $7.42 billion in the same quarter last year [2] - Over the last four quarters, UNFI has surpassed consensus EPS estimates three times [2] Stock Performance - United Natural shares have increased approximately 3.6% since the beginning of the year, while the S&P 500 has gained 20.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $7.71 billion, and for the current fiscal year, it is $0.80 on revenues of $30.97 billion [7] - The trend of estimate revisions for UNFI is mixed, which may change following the recent earnings report [6] Industry Context - The Food - Miscellaneous industry, to which UNFI belongs, is currently in the top 41% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]