United Natural (UNFI) Beats On Q2 Earnings, Ups FY18 View
Zacks Investment Research | Mar 08, 2018 10:51PM ET
United Natural Foods, Inc. (NASDAQ:UNFI) posted second-quarter fiscal 2018 results, wherein both the top and bottom line improved year over year and surpassed estimates. This marked the fourth consecutive quarter of earnings beat for the company.
This distributor of food and non-food products reported second-quarter adjusted earnings of 71 cents per share, which beat the Zacks Consensus Estimate of 53 cents and improved 42% year over year.
Quarter in Detail
Net sales came in at $2,528 million, up 10.6% year over year and cruising ahead of the Zacks Consensus Estimate of $2,445 million. The broad-based improvements across all core channels in the beginning of the fiscal year continued in the second quarter as well. In addition to the growth observed in several product categories, the company’s e-commerce sales also continued to be strong.
United Natural Foods, Inc. Price, Consensus and EPS Surprise
J. M. Smucker, Company came up with an average positive earnings surprise of 5.1% in the trailing four quarters. It has a long-term earnings growth rate of 7.9%.
Estee Lauder pulled off an average positive earnings surprise of 18.1% in the trailing four quarters. It has a long-term earnings growth rate of 13%.
Sysco delivered an average positive earnings surprise of 1.1% in the trailing four quarters. It has a long-term earnings growth rate of 10.1%.
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