Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why United Natural Foods Stock Crashed 16% Today

TheMotleyFool

0 0

Shares of United Natural Foods (NYSE: UNFI) tumbled 16.4% through 12:15 p.m. ET on Wednesday after the grocery wholesaler and retailer missed badly on third-quarter earnings -- and followed up that miss with an earnings warning.

Heading into its fiscal Q3, analysts had forecast that United Natural Foods would earn $0.68 per share in adjusted income on sales of $7.5 billion. United Natural actually came within a whisker of hitting that sales target, but earnings whiffed entirely, coming in at only $0.54 per share.

Bad as that already sounds, it gets worse.

Source Fool.com

Like: 0

UNFI

Share