This Struggling Wholesaler May Be Turning Into a Bargain Stock
Could United Natural Foods (NYSE: UNFI) finally be rounding a corner? The beleaguered wholesale grocery distributor issued its fiscal second-quarter earnings results on Wednesday, and though the report displayed its share of blemishes, some encouraging signs are emerging as the company attempts to dispense with a lingering drag from its October 2018 acquisition of competitor SUPERVALU.
Below, let's briefly review the quarter, and then discuss the positive signals in the data. Note that all comparable numbers that follow refer to the prior-year quarter.
Data source: United Natural Foods. EPS = earnings per share. N/A = not applicable; earnings not comparable due to large prior-year loss.
Source Fool.com
