United Natural Foods
The 10-second takeaway
For the quarter ended Oct. 27 (Q1), United Natural Foods beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Gross margins dropped, operating margins grew, net margins grew.
United Natural Foods notched revenue of $1.41 billion. The 14 analysts polled by S&P Capital IQ hoped for a top line of $1.39 billion on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $1.22 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.46. The 16 earnings estimates compiled by S&P Capital IQ anticipated $0.46 per share. GAAP EPS of $0.43 for Q1 were 39% higher than the prior-year quarter's $0.31 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 16.7%, 110 basis points worse than the prior-year quarter. Operating margin was 2.7%, 10 basis points better than the prior-year quarter. Net margin was 1.5%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.44 billion. On the bottom line, the average EPS estimate is $0.50.
Next year's average estimate for revenue is $5.97 billion. The average EPS estimate is $2.22.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 258 members out of 297 rating the stock outperform, and 39 members rating it underperform. Among 104 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give United Natural Foods a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on United Natural Foods is outperform, with an average price target of $59.13.
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