United Natural Foods (UNFI, $11.08) disappoints on earnings and full-year sales guidance
United Natural Foods reported earnings that fell short of analyst’ estimates. The company also issued a lighter-than-expected guidance on sales.
For the fourth quarter ended Aug. 3, the distributor of natural and organic foods reported adjusted earnings of 44 cents per share, missing the Wall Street estimate of 47 cents (based on FactSet survey of analysts).
Net sales of $6.41 billion were in line with analysts' expectations.
Looking ahead, the company expects sales to sit between $23.5 billion and $24.3 billion – a range lower than analysts’ forecast of $24.4 billion.
United Natural Foods’ earnings-per-share projection ranges between $1.22 and $1.76 for the full-year, compared to analysts’ expectation of $1.32.
The 10-day RSI Oscillator for UNFI moved out of overbought territory on September 05, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 instances where the indicator moved out of the overbought zone. In of the 32 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
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Industry description
Food distributors function as intermediaries between food manufacturers and food service operators (such as chefs, restaurants, beverage managers, cafeterias, industrial caterers, hospitals and nursing homes). Food distribution companies buy, store and then supply food items to the food service operators, thereby allowing the latter to have access to a wide range of food items from various manufacturers. Sysco Corporation, US Foods Holding Corp. and Herbalife Nutrition Ltd. are some of the biggest (by market cap) U.S. companies in this segment. Most food service operators buy from local, specialty, and/or broad line food service distributors on a daily or weekly basis. With the rise in e-commerce, consumers are increasingly expecting lower prices, faster service, and higher quality – something that potentially creates the impetus on distribution networks to raise their game.
Market Cap
The average market capitalization across the Food Distributors Industry is 4.86B. The market cap for tickers in the group ranges from 21.55K to 40.11B. SYY holds the highest valuation in this group at 40.11B. The lowest valued company is LFER at 21.55K.
High and low price notable news
The average weekly price growth across all stocks in the Food Distributors Industry was -1%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was 9%. UNFI experienced the highest price growth at 7%, while MCLE experienced the biggest fall at -6%.
Volume
The average weekly volume growth across all stocks in the Food Distributors Industry was 33%. For the same stocks of the Industry, the average monthly volume growth was -3% and the average quarterly volume growth was 1%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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