Canaccord Genuity Reiterates Buy on United Natural Foods (UNFI) Following 4Q Pre-Announcement
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Piper Jaffray remains Bullish on United Natural Foods (UNFI) Following Preliminary Q4 Earnings and FY16 Initial Guidance
August 20, 2015 11:52 AM EDTPiper Jaffray reiterated an Overweight rating and $56.00 price target on United Natural Foods (NASDAQ: UNFI) following preliminary Q4 earnings release and FY16 initial guidance. Management confirmed organic growth did accelerate in Q4 even a bit further than the 40-50bps indicated on the... More
United Natural Foods (UNFI) Announces Prelim. Q4, FY15 Results; Issues FY16 Outlook
August 19, 2015 4:18 PM EDTUnited Natural Foods (NASDAQ: UNFI) released preliminary unaudited net sales and earnings per diluted share for its fiscal fourth quarter and year ended August 1, 2015. The Company is also introducing fiscal 2016 guidance having completed its analysis of the impact of the early termination of a contractual customer relationship previously announced on July 20, 2015.
Selected Preliminary Unaudited Financial Results
For the fourth quarter of fiscal year 2015, the Company anticipates net sales in the range of $2.060 billion to $2.065 billion, an increase of approximately 16.7% to 17.0% from $1.765 billion in the same period last year. Net sales for... More
