United Natural Foods Earnings Drop 9% In Q1

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

The company said its profit declined to $30.13 million, or $0.60 per share. This was lower than $33.04 million, or $0.66 per share, in last year's first quarter.

Analysts had expected the company to earn $0.67 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.9% to $2.02 billion. This was up from $1.89 billion last year.

United Natural Foods earnings at a glance:

-Earnings (Q1): $30.13 Mln. vs. $33.04 Mln. last year. -Earnings Decline (Y-o-Y): -8.8% -EPS (Q1): $0.60 vs. $0.66 last year. -EPS Decline (Y-o-Y): -9.1% -Analysts Estimate: $0.67 -Revenue (Q1): $2.02 Bln vs. $1.89 Bln last year. -Revenue Change (Y-o-Y): 6.9%

-Guidance: Full year EPS guidance: $2.79 - $2.89 Full year revenue guidance: $8.43 - $8.49 Bln