United Natural Foods (UNFI) Misses Q1 EPS by 3c; Guides
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United Natural Foods, Inc. Reports First Quarter Fiscal 2023 Results
December 7, 2022 7:00 AM ESTReaffirms Full-Year Guidance
PROVIDENCE, R.I.--(BUSINESS WIRE)-- United Natural Foods, Inc. (NYSE: UNFI) (the Company or UNFI) today reported financial results for the first quarter of fiscal 2023 (13 weeks) ended October 29, 2022.
First Quarter Fiscal 2023 Highlights (comparisons to first quarter fiscal 2022)
Net sales increased 7.6% to $7.5 billion, primarily driven by inflation and new business Gross profit increased $54 million, or 5.2%, to nearly $1.1 billion; prior to LIFO, gross profit increased 6.1% Net income decreased 13.2% to $66 million; Earnings per diluted share (EPS) decreased 14.4% to... More