Why United Natural Foods Sank 17% Today
Shares of United Natural Foods (NYSE: UNFI) are sinking today. They were down 17% as of 11 a.m. EST.
The food wholesaler reported its fiscal first-quarter 2021 earnings this morning that didn't meet analyst expectations on the top or bottom lines.
United Natural Foods said it lost $0.02 per share including pre-tax charges and costs, and missed analyst estimates with adjusted earnings per share (EPS) of $0.51 after removing restructuring, acquisition, and integration related expenses. Analysts expected comparable earnings of $0.74 per share.
Source Fool.com