United Natural Foods (UNFI) Tops Q3 EPS by 11c, Beats on Revenues; Boosts FY18 EPS/Revenue Outlook

United Natural Foods (NASDAQ: UNFI) reported Q3 EPS of $1.04, $0.11 better than the analyst estimate of $0.93. Revenue for the quarter came in at $2.65 billion versus the consensus estimate of $2.58 billion.

"We delivered strong results for the quarter underscoring the strength of our market position as we continue to grow amid continuous change in the retail landscape. UNFI continues to be an important connector between manufacturers, brick and mortar retailers as well as eCommerce customers. We are pleased with the continued momentum in our business and we continue to work to balance and improve upon the challenges associated with this higher-than-expected growth. Our outlook for the remainder of fiscal 2018 has improved, as reflected in the revised guidance." said Steven L. Spinner, Chairman and Chief Executive Officer.

GUIDANCE:

United Natural Foods sees FY2018 EPS of $3.18-$3.23. United Natural Foods sees FY2018 revenue of $10.23-10.28 billion.

For earnings history and earnings-related data on United Natural Foods (UNFI) click here.

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