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Strategies & Market Trends : Value Investing

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To: Elroy who wrote (65247)12/9/2020 8:16:56 AM
From: E_K_S  Read Replies (1) of 78774
 
United Natural Foods EPS misses by $0.23, misses on revenue, provides outlook

Dec. 09, 2020 7:06 AM ET United Natural Foods, Inc. (UNFI) By: Meghavi Singh, SA News Editor 7 Comments

United Natural Foods (NYSE: UNFI): FQ1 Non-GAAP EPS of $0.51 misses by $0.23; GAAP EPS of -$0.02 misses by $0.69.

Revenue of $6.7B (+6.3% Y/Y) misses by $100M.

FY21 guidance: Net Sales of $27.0B-27.8B vs. consensus of $27.4B ; net income of $130M-160M; earnings per diluted share of $2.15-$2.65; adjusted EPS of $3.05-$3.55 vs. consensus of $3.33; adjusted EBITDA of $690M-730M and capital expenditures of $250M-300M.
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More one time charges but much less than last year

Net loss for the first quarter of fiscal 2021 was $1.0 million, which included $16.4 million of restructuring, acquisition and integration related expenses and $24.1 million of non-cash charges primarily related to the acceleration of unamortized debt issuance costs and original issue discounts from the prepayment of the term loan.
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