Why United Natural Foods Stock Just Crashed 25%
Shares of United Natural Foods (NYSE: UNFI) stock are collapsing in morning trading Wednesday, down 25% as of 11 a.m. EDT after the natural, organic, and speciality-foods distributor whiffed on earnings last night and issued disappointing guidance besides.
United Natural reported "adjusted" earnings per share of $0.44 for its fiscal fourth-quarter 2019 versus analyst expectations of $0.52 per share, as reported today by TheFly.com. Sales for the quarter -- $6.41 billion -- fell just short of analysts' estimates of $6.42 billion.
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Source Fool.com
