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.