07:44 AM EST, 03/06/2024 (MT Newswires) -- United Natural Foods ( UNFI ) reported fiscal Q2 adjusted earnings Wednesday of $0.07 per share, down from $0.78 a year earlier.
Analysts polled by Capital IQ expected an adjusted loss of $0.02 per share.
Net sales for the quarter ended Jan. 27 were $7.78 billion, down from $7.82 billion a year earlier.
Analysts surveyed by Capital IQ expected $7.87 billion.
For fiscal 2024, the company said it now expects to report between an adjusted loss of $0.56 per share and adjusted earnings of $0.06, compared with its previous outlook between an adjusted loss of $0.88 per share to adjusted EPS of $0.38. Analysts polled by Capital IQ expect adjusted EPS of $0.08.
Net sales for the fiscal year are now expected in the range of $30.50 billion to $31.00 billion, down from its prior guidance of $30.90 billion to $31.50 billion. Analysts surveyed by Capital IQ expect $31.03 billion.
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