United Natural Foods Beats on Revenue, Matches Expectations on EPS
United Natural Foods (NAS: UNFI) reported earnings on Mar. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 28 (Q2), United Natural Foods beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins expanded, net margins were steady.
United Natural Foods tallied revenue of $1.29 billion. The 11 analysts polled by S&P Capital IQ predicted revenue of $1.26 billion on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $1.11 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.44. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.44 per share on the same basis. GAAP EPS of $0.45 for Q2 were 15% higher than the prior-year quarter's $0.39 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 17.3%, 50 basis points worse than the prior-year quarter. Operating margin was 2.9%, 10 basis points better than the prior-year quarter. Net margin was 1.7%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $1.35 billion. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $5.12 billion. The average EPS estimate is $1.91.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 246 members out of 283 rating the stock outperform, and 37 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give United Natural Foods a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on United Natural Foods is outperform, with an average price target of $44.44.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy
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