Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of natural foods distributor United Natural Foods (Nasdaq: UNFI ) were looking a bit rotten to investors today, as they fell as much as 12% after the company reported fiscal fourth-quarter earnings.
So what: The results for the quarter were right in line with what was expected. The company's fourth-quarter earnings per share rose 19% to $0.51 and revenue was up 16% to $1.34 billion. Wall Street analysts had been expecting $0.51 in per-share profit on $1.32 billion in sales. The strong earnings growth was attributable to the top-line sales growth as well as "operational efficiencies."
Now what: The good news for United Natural didn't extend to management's expectations for the upcoming year. For fiscal 2013, the company sees EPS between $2.14 and $2.24. The average analyst estimate for the year had been $2.25. The lower-than-expected forecast may have been driven by striking workers in the company's Auburn, Wash., distribution center as well as issues the company has had with its new transportation management system.
Want to keep up to date on United Natural Foods? Add it to your Watchlist.