Wall Street analysts predict that United Natural Foods, Inc. (NASDAQ:UNFI – Get Rating) will report $7.09 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for United Natural Foods’ earnings, with estimates ranging from $6.93 billion to $7.36 billion. United Natural Foods reported sales of $6.62 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The company is expected to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that United Natural Foods will report full-year sales of $28.55 billion for the current year, with estimates ranging from $28.19 billion to $28.81 billion. For the next financial year, analysts expect that the firm will report sales of $29.48 billion, with estimates ranging from $29.41 billion to $29.64 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover United Natural Foods.
Separately, StockNews.com upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating in a report on Tuesday.
United Natural Foods Company Profile (Get Rating)
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items.
- Get a free copy of the StockNews.com research report on United Natural Foods (UNFI)
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
- Carvana Insiders Buy Shares But Maybe You Shouldn’t
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for United Natural Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods and related companies with MarketBeat.com's FREE daily email newsletter.