Why United Natural Foods Stock Popped Today
Shares of United Natural Foods (NYSE: UNFI) jumped early Wednesday after the grocery wholesaler and supermarket operator reported blowout profits for its fiscal 2022 first quarter -- and pretty nice sales as well. The stock was up 9.7% as of 12:01 p.m. ET.
Analysts had forecast that United Natural Foods would earn only $0.56 per share in "adjusted income" in the quarter, on sales of $6.8 billion. In fact, earnings came in well ahead of estimates at $0.97 per share (pro forma), and sales also exceeded expectations at $7 billion.
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Source Fool.com
