United Natural’s (NYSE: UNFI) Q3 financial results analysis
- United Natural Foods (NYSE: UNFI) released its Q3 fiscal 2019 financial results on 6th June;
- The company posted earnings per share of $0.61, which beat the estimates but declined 41.3% Y/Y;
- Net sales failed to beat the estimates but increased by a large margin Y/Y.
United Natural Foods (NYSE: UNFI) released its Q3 fiscal 2019 financial results in which they announced that the earnings topped the Zacks Consensus Estimate, but sales lagged behind the forecasts.
The company posted earnings per share of $0.61. This figure managed to surpass the Zacks Consensus Estimate of $0.51. However, when compared to the previous year’s results, the current EPS is 41.3% lower.
Net sales came out at $5,962.6 million, beating the previous year’s result of $3,313.7 million by a large margin.