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Why United Natural Foods Stock Was Slumping Today

TheMotleyFool

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Why United Natural Foods Stock Was Slumping 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), the country's largest organic and natural food wholesaler, were pulling back today after the company issued a middling fiscal first-quarter earnings report.

As of 12:12 p.m. ET, the stock was down 11.2%.

United Natural Foods said revenue in the quarter rose 7.6% to $7.53 billion, primarily driven by inflation and new business.

Source Fool.com

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