- United Natural Foods Inc UNFI reported fourth-quarter FY22 sales growth of 8% year-on-year to $7.27 billion, missing the consensus of $7.34 billion.
- Gross margin for the quarter was 14.5% versus 14.9% last year. The gross profit rose 4.9% to $1.1 billion.
- Operating margin was 0.93%, and operating income for the quarter jumped 51% to $68 million.
- Adjusted EBITDA of $213 million increased 3.4% Y/Y. Adjusted EPS of $1.27 was in-line with the analyst consensus.
- Also Read: United Natural Foods Opts For Symbotic's Warehouse Automation Systems
- The company held $44 million in cash and equivalents as of July 30, 2022.
- On September 21, 2022, the company's Board approved a new stock repurchase program for up to $200 million of its shares over four years. This program replaces the previous program announced on October 6, 2017.
- Outlook: United Natural Foods sees FY23 sales of $29.8 billion - $30.4 billion, against the consensus of $30.1 billion.
- It expects FY23 adjusted EPS of $4.85 - $5.15 versus the consensus of $5.09.
- Price Action: UNFI shares are trading higher by 1.69% at $39.09 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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