United Natural Foods Inc. (UNFI) stock is soaring over 17% in Tuesday's intraday trading session, driven by robust fiscal first-quarter results and an upbeat outlook for the full year 2025.
The leading food distributor reported adjusted earnings of $0.16 per share for the quarter ended November 2, 2024, surpassing analysts' expectations of a $0.02 loss. Net sales climbed 4.2% year-over-year to $7.87 billion, exceeding the consensus estimate of $7.61 billion. The sales growth was fueled by a nearly 2% increase in wholesale unit volumes, reflecting new business from existing and new customers, as well as inflationary impacts.
Encouraged by the positive volume trends, UNFI raised its financial guidance for fiscal 2025. The company now expects net sales between $30.6 billion and $31 billion, up from the previous range of $30.3 billion to $30.8 billion. Adjusted earnings per share (EPS) are projected to be in the range of $0.40 to $0.80, compared to the prior outlook of $0.20 to $0.80.
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