United Natural Foods (UNFI) Misses Q1 EPS by 16c, Revenues Beat; Offers FY20 EPS/Revenue Guidance
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United Natural Foods, Inc. Reports First Quarter Fiscal 2020 Results
December 11, 2019 7:00 AM ESTPROVIDENCE, R.I., Dec. 11, 2019 /PRNewswire/ -- United Natural Foods, Inc. (NYSE: UNFI) (the "Company" or "UNFI") today reported financial results for the first quarter of fiscal 2020 (13 weeks) ended November 2, 2019.
First Quarter Fiscal 2020 Highlights
Net Sales Increased to $6.0 billion, including an incremental $3.1 billion from SUPERVALU Re-affirms guidance for full year net sales, Adjusted EPS, and Adjusted EBITDA Balance sheet reflects addition of approximately $1 billion in operating lease assets and liabilities as UNFI adopts new lease accounting standard (ASC 842) GAAP... More