United Natural Foods Earnings Drop 3% In Q1

(RTTNews) - United Natural Foods (UNFI) revealed a profit for first quarter that retreated compared to the same period last year.

The company said its profit declined to $29.22 million, or $0.58 per share. This was lower than $30.13 million, or $0.60 per share, in last year's first quarter.

The company said revenue for the quarter rose 9.6% to $2.28 billion. This was up from $2.08 billion last year.

United Natural Foods earnings at a glance:

-Earnings (Q1): $29.22 Mln. vs. $30.13 Mln. last year. -Earnings Decline (Y-o-Y): -3.0% -EPS (Q1): $0.58 vs. $0.60 last year. -EPS Decline (Y-o-Y): -3.3% -Revenue (Q1): $2.28 Bln vs. $2.08 Bln last year. -Revenue Change (Y-o-Y): 9.6%

-Guidance: Full year EPS guidance: $2.53 -$2.63 Full year revenue guidance: $9.43 - $9.60 Bln