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Why United Natural Foods Sank 17% Today

TheMotleyFool

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Why United Natural Foods Sank 17% TodayPhoto, wide shot, wide-angle lens, Home decor store, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/1f534af1-8f1f-47f4-aa9f-66269ecafb79.png

Shares of United Natural Foods (NYSE: UNFI) are sinking today. They were down 17% as of 11 a.m. EST.

The food wholesaler reported its fiscal first-quarter 2021 earnings this morning that didn't meet analyst expectations on the top or bottom lines.

United Natural Foods said it lost $0.02 per share including pre-tax charges and costs, and missed analyst estimates with adjusted earnings per share (EPS) of $0.51 after removing restructuring, acquisition, and integration related expenses. Analysts expected comparable earnings of $0.74 per share.

Source Fool.com

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