United Natural Foods, Inc. (NASDAQ:UNFI) Expected to Announce Quarterly Sales of $7.09 Billion

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.

Shares of NASDAQ UNFI opened at $42.07 on Friday. United Natural Foods has a twelve month low of $30.61 and a twelve month high of $57.89. The company has a current ratio of 1.51, a quick ratio of 0.56 and a debt-to-equity ratio of 1.39. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 11.01 and a beta of 0.93. The firm’s fifty day moving average price is $42.38.

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.

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