United Natural Foods Earnings: Here’s Why the Stock is Rising Now
United Natural Foods, Inc. (NASDAQ:UNFI) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.47%.
United Natural Foods, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 8.47% to $0.64 in the quarter versus EPS of $0.59 in the year-earlier quarter.
Revenue: Rose 12.82% to $1.57 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: United Natural Foods, Inc. reported adjusted EPS income of $0.64 per share. By that measure, the company missed the mean analyst estimate of $0.64. It beat the average revenue estimate of $1.56 billion.
Quoting Management: “As we begin the final quarter of fiscal 2013, we are opening two new distribution facilities,” said Mr. Spinner. “Our Albert’s Organics division recently completed a successful relocation to a new, larger facility in New Jersey that nearly doubled their existing warehouse space, positioning the division to further capitalize on the demand for organic produce and perishables. In June, we expect to consolidate our four existing locations in Aurora, Colorado into a single, new 500,000 square foot broadline facility in Aurora, Colorado.”
Key Stats (on next page)…