Why United Natural Foods Stock Was Slumping Today
Shares of United Natural Foods (NYSE: UNFI), the country's largest organic and natural food wholesaler, were pulling back today after the company issued a middling fiscal first-quarter earnings report.
As of 12:12 p.m. ET, the stock was down 11.2%.
United Natural Foods said revenue in the quarter rose 7.6% to $7.53 billion, primarily driven by inflation and new business.
Source Fool.com