Ultime notizie per United Natural Foods (NYSE:UNFI) Azioni

United Natural Foods

United Natural Foods Inc is a wholesale distributor of natural, organic and specialty foods and nonfood products across North America. The company's products consist of national, regional and private label brands grouped into grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. United Natural Foods serves various retail formats including conventional supermarket chains, natural product superstores, independent retail operators and foodservice channels such as e-commerce platforms. The company's operations are comprised of principal divisions: the wholesale division; the retail division; and other.

United Natural Foods, Inc.

United Natural Foods Inc

Unifi Protocol DAO - United States Dollar

Goldman Sachs analyst Leah Jordan maintains United Natural Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) with a Neutral and raises the price target from $15 to $22.

News

Price Target

Analyst Ratings

UNFI

Goldman Sachs Maintains Neutral on United Natural Foods, Raises Price Target to $22

BMO Capital analyst Kelly Bania maintains United Natural Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) with a Market Perform and raises the price target from $14 to $23.

BMO Capital Maintains Market Perform on United Natural Foods, Raises Price Target to $23

UBS analyst Mark Carden maintains United Natural Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) with a Neutral and raises the price target from $16 to $21.

UBS Maintains Neutral on United Natural Foods, Raises Price Target to $21

<h3>Gainers</h3>
<ul>
<li>Paranovus Enter (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAVS#NASDAQ">PAVS</a>) stock rose 34.4% to $0.64 during Tuesday's regular session. The market value of their outstanding shares is at $43.4 million. </li>
<li>United Natural Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) stock moved upwards by 25.38% to $21.09. The market value of their outstanding shares is at $1.2 billion. The company's, Q4 earnings came out today. </li>
<li>Mangoceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRX#NASDAQ">MGRX</a>) shares increased by 20.0% to $0.28. The company's market cap stands at $8.4 million. </li>
<li>S&amp;W Seed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANW#NASDAQ">SANW</a>) stock rose 18.86% to $0.22. The market value of their outstanding shares is at $9.5 million. </li>
<li>Flora Growth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLGC#NASDAQ">FLGC</a>) shares rose 16.33% to $1.78. The market value of their outstanding shares is at $23.7 million. </li>
<li>Top Wealth Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWG#NASDAQ">TWG</a>) stock rose 13.92% to $2.06. The market value of their outstanding shares is at $59.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Guardion Health Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GHSI#NASDAQ">GHSI</a>) shares fell 42.6% to $3.18 during Tuesday's regular session. The market value of their outstanding shares is at $4.0 million. </li>
<li>Better Choice Co (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BTTR#AMEX">BTTR</a>) stock declined by 19.21% to $1.69. The market value of their outstanding shares is at $2.7 million. </li>
<li>Sadot Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDOT#NASDAQ">SDOT</a>) stock fell 12.74% to $0.37. The market value of their outstanding shares is at $17.0 million. </li>
<li>Big Tree Cloud Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSY#NASDAQ">DSY</a>) stock decreased by 12.5% to $4.2. The market value of their outstanding shares is at $239.7 million. </li>
<li>22nd Century Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) shares declined by 11.58% to $0.19. The market value of their outstanding shares is at $4.0 million. </li>
<li>Natural Alternatives Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAII#NASDAQ">NAII</a>) stock decreased by 9.95% to $5.16. The company's market cap stands at $31.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-defensive-stocks/" title="www.benzinga.com/money/best-consumer-defensive-stocks/">www.benzinga.com/money/best-consumer-defensive-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

BTTR

FLGC

GHSI

MGRX

NAII

PAVS

SANW

SDOT

XXII

12 Consumer Staples Stocks Moving In Tuesday's Intraday Session

Grocery wholesaler United Natural Foods Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) shares are surging after the <a href="https://www.benzinga.com/pressreleases/24/10/b41113461/united-natural-foods-inc-reports-fourth-quarter-and-full-year-fiscal-2024-results" target="_blank" rel="noreferrer noopener">fourth-quarter earnings</a>.
The company reported a&nbsp;sales increase of&nbsp;10%&nbsp;Y/Y to&nbsp;$8.15 billion,&nbsp;beating the analyst consensus estimate of&nbsp;$7.94 billion, thanks to inflation and improving unit volume that turned positive toward quarter-end.
Gross margin expanded to&nbsp;13.7% from 13.0%&nbsp;last year on lower shrink expense. The gross profit upped&nbsp;15.5%&nbsp;Y/Y to&nbsp;$1.1 billion.
Adjusted EBITDA jumped 53.8% Y/Y to&nbsp;$143 million. Adjusted EPS of&nbsp;$0.01&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus loss estimate of&nbsp;$0.10.</a>
Free cash flow stood at $71 million in the quarter. As of August 3, the company had approximately $40 million in cash, plus the unused capacity of approximately $1.24 billion under its asset-based lending facility.
Outlook: United Natural Foods sees FY25 sales of&nbsp;$30.3 billion &#8211; $30.8 billion (vs. consensus of&nbsp;$30.9 billion) and adjusted EPS&nbsp;of&nbsp;$0.20-$0.80&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus the consensus of&nbsp;$0.57.</a>
Sandy Douglas, UNFI's Chief Executive Officer said, &#8220;We are also actioning key elements of our updated strategy that has resulted from our ongoing board- and management-led financial review, which we expect will drive accelerating performance and create sustainable value for our customers and suppliers.&#8221;
&#8221;During fiscal 2024, we drove strong same customer growth, extended our agreement with our largest customer, realized approximately $150 million dollars in benefits from structural efficiency initiatives, significantly reduced shrink, lengthened the maturity on our term loan, and onboarded our new President and CFO, Matteo Tarditi.&#8221;
Investors can gain exposure to the stock via&nbsp;Northern Lights Fund Trust III Counterpoint Quantitative Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAI#NYSE">CPAI</a>) and Invesco Exchange-Traded Fund Trust II Invesco S&amp;P SmallCap 600 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>).
Price Action: UNFI shares are up 9.51% at $18.42 premarket at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41113340/us-stocks-set-for-shaky-start-ahead-of-jolts-data-nike-earnings-strategist-says-these-3-structural-" target="_blank" rel="noreferrer noopener">US Stocks Set For Shaky Start Ahead Of JOLTS Data, Nike Earnings: Strategist Says These 3 Structural Drivers Support &#8216;Buying The Dip&#8217;</a></li>
</ul>

Earnings

Equities

Mid Cap

Guidance

CPAI

United Natural Foods Beats On Q4 Earnings, Thanks To Inflation And Higher Volumes

WIIM

United Natural Foods shares are trading higher after the company reported better-than-expected Q4 financial results.

General

United Natural Foods Expects Fiscal Year 2025 Adjusted EPS Of $0.20-$0.80 Versus Consensus Of $0.57

United Natural Foods Expects Fiscal Year 2025 Net Sales Of $30.3B-$30.8B Versus Consensus Of $30.9B

United Natural Foods Q4 2024 Adj. EPS $0.01 Beats $(0.10) Estimate, Sales $8.155B Beat $7.944B Estimate

Stocks are gearing up for another nervy start on Tuesday after they scrapped through in the previous session to<a href="https://www.benzinga.com/news/earnings/24/10/41110228/s-p-records-first-positive-september-since-2019-amid-improving-investor-sentiment-fear-index-moves-"> finish a seasonally weak September on a high.</a> Some strategists point to the unusual September gains as a testament to the market&#8217;s resilience. The unequivocal belief is the gains could continue into the fourth quarter and beyond only if the economy can skirt a recession.
Each incoming economic data, including the job opening and manufacturing activity data due Tuesday, would offer evidence regarding the economy&#8217;s strength or lack thereof. This being the presidential election year, traders brace for more volatility at least until Nov. 5. The market may also have to contend with earnings as they begin to roll out in the second half of the month.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.07%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.09%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.27%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.23%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Tuesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) eased 0.02% to $573.63 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.09% to $488.50, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Week:
U.S. stocks survived a bout of selling pressure and closed Monday&#8217;s session higher. The overbought levels and a slump in some major global markets introduced caution right at the start of the session, and the major indices moved mostly below the unchanged line for much of the session. The selling intensified after Fed Chair Jerome Powell poured cold water on hopes of rapid downward adjustment of rates during his speech.
The major indices staged a late-hour recovery to end September firmly in the green, with the S&amp;P 500 and Dow Industrials closing at fresh highs. Nine of the 11 S&amp;P 500 sector classes closed in the green, with communication services, energy and real estate stocks seeing strong buying interest. On the other hand, material and consumer discretionary stocks pulled back.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Day&#8217;s Performance (+/)</td>
<td>Value</td>
<td>September Performance</td>
<td>Q3 Performance</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.38%</td>
<td>18,189.17</td>
<td>+2.69%</td>
<td>+2.58%</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.42%</td>
<td>5,762.48</td>
<td>+2.02%</td>
<td>+5.53%</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.04%</td>
<td>42,330.15</td>
<td>+1.85%</td>
<td>+8.21%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.24%</td>
<td>2,229.97</td>
<td>+0.56%</td>
<td>+8.90%</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Fed&#8217;s larger-than-expected rate cut can buy more time for high-quality stocks to remain expensive and even help lower-quality cyclical stocks, especially after recent China actions, said Morgan Stanley&#8217;s US Equity Strategist Mike Wilson. &#8220;However, I believe labor data and other growth indicators need to improve to justify these conditions continuing into year-end and beyond – i.e., a soft landing with growth reaccelerating, inflation stabilizing above 2%, and the Fed continuing to cut rates, &#8221; the strategist said.
The market is entering a seasonally strong period after being up for eight of the nine months. Fund Strat&#8217;s Head of Research Tom Lee said in the firm&#8217;s weekly commentary that the following three favorable structural drivers for equities support &#8220;buy the dip:&#8221;
<ul>
<li>Fed launches easing cycle + &#8220;no landing&#8221;</li>
<li>China PBOC bazooka</li>
<li>Post-election and cash on sidelines dynamics</li>
</ul>
He noted that when the Fed cuts rate and the US economy is not in recession, the S&amp;P 500 Index has risen seven out of seven times both three and six months later.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>S&amp;P Global is due to release the final manufacturing purchasing managers&#8217; index for September at 9:45 a.m. EDT. Economists, on average, expect the final manufacturing PMI to come in at 47, down from 47.9 in August.</li>
<li>The Institute for Supply Management will release its national manufacturing PMI at 10 a.m. EDT, with the consensus calling for a reading of 47.5 for September, slightly up from 47.2 in August.</li>
<li>The Labor Department is scheduled to release the results of its August Job Openings and Labor Turnover Survey at 10 a.m. EDT. Economists, on average, estimate job openings to remain unchanged with the July level, at 7.7 million.</li>
<li>The Commerce Department&#8217;s construction spending report for August, due at 10 a.m. EDT, will likely show flattish spending relative to July, which saw a 0.3% month-over-month drop.</li>
<li>Federal Reserve Governor Lisa Cook will make a public appearance at 11:10 a.m. EDT.</li>
<li>Richmond Fed President Tom Barkin, Atlanta Fed President Raphael Bostic and Boston Fed President Susan Collins are scheduled to participate in a joint panel discussion about technology-enabled&nbsp;disruption at 6:15 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) rallied nearly 7.50% <a href="https://www.benzinga.com/premarket">in premarket trading </a>after the company said it has expanded its TV streaming delivery network to multi-site operation.</li>
<li>Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) climbed over 2% on a positive analyst action.</li>
<li>Acuity Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>), McCormick &amp; Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>), Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) and United Natural Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) are among the notable <a href="https://www.benzinga.com/calendars/earnings">companies due to report their quarterly results before the market open.</a></li>
<li>Those reporting after the close are NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), Resources Connection, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) and Cal-Maine Foods, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures pulled back sharply, while gold futures advanced moderately. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded slightly higher under the $64K level. The yield on the 10-year benchmark Treasury note fell 5.7 basis points to 3.745%.
In Asia, the Japanese market rebounded, although sentiment elsewhere remained muted. The Chinese, Hong Kong and South Korean markets remained closed for public holidays. European stocks showed tentativeness in early trading ad traders digested the preliminary September consumer price inflation data for the eurozone.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41111098/if-you-invested-1-000-in-peter-thiel-co-founded-palantir-when-it-ipoed-4-years-ago-heres-how-muc">If You Invested $1,000 In Peter Thiel Co-founded Palantir When It IPOed 4 Years Ago, Here&#8217;s How Much You Would Have Now</a></li>
</ul>
Image Via Shutterstock

Previews

Economics

Federal Reserve

Pre-Market Outlook

Markets

Trading Ideas

$BTC

CALM

PAYX

US Stocks Set For Shaky Start Ahead Of JOLTS Data, Nike Earnings: Strategist Says These 3 Structural Drivers Support 'Buying The Dip'

Campbell Soup (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cpb#NASDAQ">CPB</a>) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.61%. A quarter ago, it was expected that this maker of canned soup, Pepperidge Farm cookies and V8 juice would post earnings of $0.70 per share when it actually produced earnings of $0.75, delivering a surprise of 7.14%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Campbell, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $2.29 billion for the quarter ended July 2024, missing the Zacks Consensus Estimate by 0.44%. This compares to year-ago revenues of $2.07 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Campbell shares have added about 16.1% since the beginning of the year versus the S&amp;P 500&#39;s gain of 17.2%.
<h2>What&#39;s Next for Campbell?</h2>
While Campbell has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Campbell: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.93 on $2.8 billion in revenues for the coming quarter and $3.23 on $10.51 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Food - Miscellaneous is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, United Natural Foods (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/unfi#NASDAQ">UNFI</a>), has yet to report results for the quarter ended July 2024.
This organic and specialty foods distributor is expected to post quarterly loss of $0.08 per share in its upcoming report, which represents a year-over-year change of +68%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
United Natural Foods&#39; revenues are expected to be $7.87 billion, up 6.2% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2328735/campbell-soup-cpb-beats-q4-earnings-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2328735">To read this article on Zacks.com click here.</a>

Earnings Beats

Large Cap

Small Cap

Campbell Soup Beats Q4 Earnings Estimates

Performance Food Group Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfgc#NYSE">PFGC</a>) is one of the largest food service distributors in the United States. The company sources, markets, and delivers food and food-related products through a network of over 150 distribution facilities to over 125,000 businesses in the food service industry. The company is acquiring food service distributor Cheney Brothers for $2.1 billion, which will expand its footprint with restaurant and hospitality customers in the Southeastern region of the United States. The drop in inflation back under 3% and the impending interest rate cuts are positive tailwinds that the market anticipates for the company.
<h2>Disinflation Should Not Be Mistaken for Deflation </h2>
Performance Food Group is a benefactor of disinflation, which is not to be confused with deflation. Disinflation occurs when the rate of inflation slows down, which means prices are still rising but at a slower pace. For example, when inflation drops from 9% to 2.9%, as indicated by the recent July consumer price index (CPI) report. Disinflation eases procurement costs and improves gross margins. It also improves demand and business spending power. Interest rate cuts are meant to be disinflationary.
Deflation occurs when general prices actually fall. This can result in a negative inflation rate, which can be harmful to the economy. Deflation occurs during severe economic downturns.
Performance Food Group operates in the retail/wholesale sector, competing with food distributors such as Sysco Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/syy#NYSE">SYY</a>), United Natural Foods Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unfi#NYSE">UNFI</a>), and SpartanNash Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sptn#NASDAQ">SPTN</a>).
<h2>Performance Food&#39;s Exclusive Portfolio of Brands </h2>
The company has exclusive brands under its Performance Foodservice segment, with categories like Center of Plate (COP) and Seafood. These brands offer&nbsp;beef, poultry, and seafood to high-end luxury steakhouses, fast-food burger joints, and on-the-go food trucks. Its exclusive seafood brands include top-tier Bay Winds, Empire&#39;s Treasure, The Fresh Catch,&nbsp;and World Dock.
Its Bakery &amp; Desserts category carries exclusive products from Heritage Ovens, Sweet Encore, Piancone and Roma gelato, tiramisu, cannoli, and coffee and expresso from Italy. Performance sells thousands of products covering condiments to freshly caught fish from over 100 exclusive brands, including custom-cut meats. Its customers range from restaurants to convenience stores, hotels, schools, universities, retail, senior living, and healthcare facilities.
<img alt="Performance Food Group Company PFGC stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240818190053_chartb-pfgc.jpg" style="height:748px; width:915px" />
<h2>PFGC Stock Is Back in an Ascending Parallel Price Channel</h2>
The daily candlestick chart for PFGC shows an ascending price channel pattern. The ascending upper trendline connects the higher highs, and the lower trendline connects the higher lows. While PFGC fell out of the channel before its earnings report, the price gap from $67.34 to $70.73 placed shares firmly back into the channel. The daily relative strength index (RSI) rose to the 70-band. Pullback support levels are at $70.73, $67.34 gap fill, $65.19, and $63.35.
<h2>The Turnaround Is Accelerating </h2>
Performance Food Group reported fiscal Q4 2024 EPS of $1.45, beating consensus estimates of $1.37 by 8 cents. Adjusted EBITDA rose 18.4% to $456.2 million. Revenues rose 2.3% YoY to $15.2 billion versus $15.25 billion. Total case volume grew 1.1% YoY. Organic independent food service case volume rose by 3.7%. Net income rose 10.9% YoY to $166.5 million. Overall, product cost inflation for its food service business rose 2.9% in the quarter. Its Foodservice segment sales rose 4.6% to $7.7 billion. The Vistar segment had a 1.8% drop in net sales to $1.2 billion. The Convenience segment&#39;s net sales dropped by&nbsp; 0.5% YoY to $6.3 billion.
<h2>Performance Food Group Issues Mixed Guidance </h2>
For fiscal Q1 2025, Performance Food Group issued downside revenue guidance of $15.2 billion to $15.5 billion versus the $15.54 billion consensus. Adjusted EBITDA is expected to be around $400 million to $425 million. Business results for Jose Santiago are expected to be added to the quarter.
For the fiscal full year 2025, the company expects revenues of $60 billion to $61 billion versus $60.83 billion consensus estimates. Adjusted EBITDA for the fiscal full year 2025 is expected to be between $1.6 billion and $1.7 billion.
Performance Food Group CEO George Holm commented on the 2 recent acquisitions, &quot;While small relative to PFG&#39;s total business, we believe Jos&eacute; Santiago will be accretive to earnings, cash flow, and margins immediately. Taken together, we believe these two deals position PFG very well for the future growth of the Southeastern United States and the Caribbean territories.&quot;
The article &quot;<a href="https://www.nasdaq.com/articles/performance-food-group-sees-disinflation-tailwinds-2025">Performance Food Group Sees Disinflation Tailwinds in 2025</a>&quot; first appeared on MarketBeat.

Retail Sales

PFGC

SPTN

Performance Food Group Sees Disinflation Tailwinds in 2025

United Natural Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unfi#NYSE">UNFI</a>) demonstrates its resilience through strong dedication to digital innovation and improvements in its supply chain. The leading food provider is actively engaged in a comprehensive transformation journey centered around various strategic initiatives. However, UNFI is bearing the brunt of macroeconomic factors, including inflationary pressures.
Let&#39;s delve deeper.
<h3>Strength in E-commerce Business</h3>
United Natural&#39;s sales are being positively impacted by its strong presence in e-commerce, supported by expanded solutions offered across its Independents and Chains channels. These offerings include digital platforms tailored to meet customer needs. The company&#39;s value-added supplier program, UNFI Insights, has been a success. The launch of Community Marketplace, a digital B2B e-commerce solution aimed at emerging brands, further enhances distribution opportunities with customers.
<h3>Enhancing Supply-Chain</h3>
UNFI is actively enhancing its supply chain processes and management disciplines to drive growth. The company&#39;s efforts have led to significant reductions in shrinkage, contributing positively to both financial performance and operational efficiency. Notably, the improved wholesale margin in third-quarter fiscal 2024 reflects ongoing shrinkage improvements, approaching pre-COVID levels of approximately 30 basis points as a percentage of sales. It anticipates further opportunities to reduce shrinkage, thereby enhancing profitability while maintaining strong relationships with customers and suppliers.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/14/71198.jpg?v=970883209" />
Image Source: Zacks Investment Research
<h3>Transformation on Track</h3>
United Natural is actively engaged in a comprehensive transformation journey that involves several strategic elements. The company is advancing toward improving margins and enhancing cash flow generation through targeted efforts in four key areas &mdash; expanding and intensifying network optimization, reducing annual capital expenditures, optimizing cost structures and cutting net working capital.
As part of this initiative, management is implementing short-term value-creation projects expected to enhance operational efficiencies. Building on the progress achieved in the past year, the company aims to refine its expense structure further, aiming for efficiencies comparable to the $150 million already realized. This optimization effort includes a cohesive and strategic approach to customer and supplier engagements, alongside better alignment of corporate resources in accordance with the updated strategy.
It intends to allocate around $300 million towards capital expenditures in the fiscal 2025, focusing on maintenance, targeted network enhancements and technology upgrades. This strategy aims to optimize resource allocation, bolster the overall business and balance sheet and enhance capacity for strategic investments in higher-margin segments such as services.
<h3>Hurdles on the Way</h3>
United Natural has been witnessing a challenging industry backdrop in the past few quarters. Consumers are buying less to manage their budgets and shifting away from traditional grocery stores, possibly seeking more affordable options like discount stores, bulk buys or online shopping. Third-quarter fiscal 2024 net sales declined slightly, thanks to lower unit volumes.
UNFI is bearing the brunt of weakness in the Retail business, a trend that persisted in the fiscal third quarter. The company&#39;s retail business faced challenges due to significant price sensitivity among consumers in the retail markets. We note that factors like economic pressures, reduced government assistance, changing consumer behavior and increased competition are affecting consumer spending, which is a concern.
That being said, United Natural&#39;s emphasis on the benefits mentioned above is expected to continue driving its growth narrative. The Zacks Rank #3 (Hold) company&#39;s shares have increased 29.3% in the past three months against the industry&#39;s decline of 4%.
<h3>Key Staple Picks</h3>
Vital Farms Inc.&nbsp;offers a range of produced pasture-raised foods. It currently sports a Zacks Rank #1 (Strong Buy). VITL has a trailing four-quarter average earnings surprise of 102.1%.
The Zacks Consensus Estimate for Vital Farms&#39; current financial-year sales and earnings indicates growth of 22.6% and 62.7%, respectively, from year-ago reported numbers.
Freshpet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frpt#NASDAQ">FRPT</a>), a pet food company, has a trailing four-quarter earnings surprise of 118.2%, on average. FRPT currently sports a Zacks Rank #1.
The Zacks Consensus Estimate for Freshpet&#39;s current financial-year sales and earnings indicates growth of 24.8% and 177.1%, respectively, from the prior-year reported level.
Treehouse Foods (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ths#NYSE">THS</a>) is a manufacturer of packaged foods and beverages. The company currently has a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Treehouse Foods&#39; current financial-year sales and earnings indicates a decline of 1.6% and 8.5%, respectively, from the prior-year reported level. THS has a negative trailing four-quarter average earnings surprise of 4.5%.
<a href="https://www.zacks.com/stock/news/2300917/united-natural-unfi-gains-on-strong-e-commerce-amid-setbacks?cid=CS-BENZ-FT-analyst_blog|rank_focused-2300917">To read this article on Zacks.com click here.</a>

FRPT

United Natural Gains on Strong E-Commerce Amid Setbacks

<a href="https://www.supermarketnews.com/news/unfi-looking-sell" title="https://www.supermarketnews.com/news/unfi-looking-sell">https://www.supermarketnews.com/news/unfi-looking-sell</a>

Rumors

United Natural Foods Shares Moving Higher; Traders Circulate Takeover Chatter From Article Titled "Troubles With SuperValu Purchase Have Left The Distributor In Hot Water" - Supermarket News

UBS analyst Mark Carden maintains United Natural Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) with a Neutral and raises the price target from $14 to $16.

UBS Maintains Neutral on United Natural Foods, Raises Price Target to $16

Shares of G-III Apparel Group, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIII#NASDAQ">GIII</a>) fell sharply during Thursday's session after the company reported worse-than-expected <a href="https://www.benzinga.com/quote/GIII/earnings">quarterly sales results</a>.
G-III Apparel Group posted adjusted earnings of 13 cents per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The company's quarterly sales came in at $609.747 million, missing market estimates of $616.286 million.
G-III Apparel Group shares dipped 13.4% to $27.12 on Thursday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Virax Biolabs Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRAX#NASDAQ">VRAX</a>) shares jumped 139.4% to $2.5390.</li>
<li>American Oncology Network, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AONC#NASDAQ">AONC</a>) gained 102% to $4.52. American Oncology Network expanded radiation oncology services with opening of Low Country Radiation in Waycross, Georgia.</li>
<li>Latam Logistic Properties, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) shares gained 99.2% to $63.01 after dipping around 83% on Wednesday.</li>
<li>Freight Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRGT#NASDAQ">FRGT</a>) shares climbed 90.4% to $1.1950 after the company said it added 26 new customers and 149 new carriers in 2024.</li>
<li>Aethlon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) gained 67.7% to $0.7361 after jumping 7% on Wednesday.</li>
<li>China Liberal Education Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) rose 42% to $2.04.</li>
<li>iSpecimen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPC#NASDAQ">ISPC</a>) rose 38.3% to $0.4442 after declining 4% on Wednesday.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) shares rose 31.5% to $0.1815 after gaining around 20% on Wednesday. Nauticus Robotics, last month, announced a deal with H.C. Wainwright &amp; Co to sell shares under an at-the-market offering.</li>
<li>Pixie Dust Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) gained 29% to $2.13.</li>
<li>Tungray Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRSG#NASDAQ">TRSG</a>) rose 28.8% to $4.25.</li>
<li>iSpecimen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPC#NASDAQ">ISPC</a>) gained 27.6% to $0.4097.</li>
<li>Replimune Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REPL#NASDAQ">REPL</a>) gained 27.3% to $7.08 as the company announced positive topline primary analysis data by Independent Central Review from IGNYTE clinical trial of RP1 plus nivolumab in anti-PD1 failed melanoma.</li>
<li>Vanda Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNDA#NASDAQ">VNDA</a>) gained 26.7% to $6.40 after Cycle Pharmaceuticals confirmed that it made a proposal to buy the company.</li>
<li>Co-Diagnostics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CODX#NASDAQ">CODX</a>) gained 22.3% to $1.26.</li>
<li>Zoomcar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) shares rose 21.4% to $0.1829 after falling over 4% on Wednesday.</li>
<li>SecureWorks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCWX#NASDAQ">SCWX</a>) climbed 20.3% to $7.04 following upbeat quarterly results.</li>
<li>OneMedNet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONMD#NASDAQ">ONMD</a>) rose 20% to $1.9118 after the company announced that it joined the AWS Partner Network and secured a new iRWD client.</li>
<li>Brenmiller Energy Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNRG#NASDAQ">BNRG</a>) climbed 18.8% to $1.30 after the company announced that it signed an exclusive distribution agreement with Rock Energy Storage to sell and distribute its bGen TES systems. </li>
<li>Smartsheet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) gained 18.8% to $44.90 after the company reported better-than-expected first-quarter financial results and announced an inaugural $150 million share repurchase program.</li>
<li>Chanson International Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHSN#NASDAQ">CHSN</a>) rose 18.5% to $2.5940.</li>
<li>Virios Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRI#NASDAQ">VIRI</a>) climbed 18.1% to $0.2550.</li>
<li>Xponential Fitness, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) gained 18.1% to $11.65.</li>
<li>Motorsport Games Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSGM#NASDAQ">MSGM</a>) gained 17.1% to $2.7394. Motorsport Games said it regained compliance with continued listing requirements of Nasdaq Stock Market.</li>
<li>Pharming Group N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAR#NASDAQ">PHAR</a>) rose 13.8% to $8.74.</li>
<li>Halozyme Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HALO#NASDAQ">HALO</a>) gained 10.8% to $50.60 after the company raised its FY24 guidance.</li>
<li>The Toro Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) rose 8% to $85.97 after the company reported better-than-expected second-quarter EPS and sales.</li>
<li>United Natural Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) gained 7.1% to $14.35. Roth MKM analyst Bill Kirk maintained United Natural Foods with a Neutral and raised the price target from $13 to $14.</li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) shares climbed 3.5% to $319.05 as the company reported upbeat financial results for its first quarter and authorized a $1 billion increase in its stock repurchase program.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Actelis Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) shares fell 42.2% to $2.15 after the company announced an agreement for the immediate exercise of certain outstanding warrants for gross proceeds of $3 million.</li>
<li>SeaStar Medical Holding Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICU#NYSE">ICU</a>) declined 33.6% to $0.2350. SeaStar Medical announced a 25-for-1 reverse stock split.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTYX#NASDAQ">VTYX</a>) fell 27% to $3.83 after the company announced preclinical data for its CNS-penetrant NLRP3 inhibitor VTX3232 in murine diet-induced obesity models.</li>
<li>Plutonian Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTN#NASDAQ">PLTN</a>) dipped 23.7% to $4.40.</li>
<li>Ryde Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#NYSE">RYDE</a>) fell 22.4% to $6.33.</li>
<li>Moving iMage Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MITQ#NYSE">MITQ</a>) fell 22.3% to $0.7757. Moving iMage Technologies was recently awarded a multi-million dollar contract.</li>
<li>Fresh2 Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRES#NASDAQ">FRES</a>) shares declined 21.1% to $0.4776 after surging over 35% on Wednesday.</li>
<li>Big Lots, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIG#NYSE">BIG</a>) dipped 20.8% to $2.79 after the company reported worse-than-expected quarterly financial results.</li>
<li>Laird Superfood, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LSF#NYSE">LSF</a>) fell 20.2% to $3.92.</li>
<li>Couchbase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BASE#NASDAQ">BASE</a>) dipped 20.1% to $17.20 as the company reported first-quarter financial results and issued guidance.</li>
<li>Jowell Global Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JWEL#NASDAQ">JWEL</a>) fell 18.8% to $1.8180 after jumping over 98% on Wednesday.</li>
<li>ENDRA Life Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>) shares fell 18.1% to $0.1138 after gaining 63% on Wednesday. ENDRA Life Sciences recently announced the pricing of an $8 million public offering.</li>
<li>Asset Entities Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) fell 18% to $0.4489 after gaining around 25% on Wednesday.</li>
<li>InMed Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INM#NASDAQ">INM</a>) shares fell 17.6% to $0.25 after gaining 5% on Wednesday.</li>
<li>Sprinklr, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXM#NYSE">CXM</a>) shares fell 17.3% to $8.96 after the company reported its first-quarter financial results and appointed a new co-CEO Wednesday.</li>
<li>Montana Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRJ#NASDAQ">AIRJ</a>) fell 16% to $9.95.</li>
<li>4D Molecular Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDMT#NASDAQ">FDMT</a>) dipped 15.2% to $23.14. The company announced interim clinical data from the 4D-710 Phase 1/2 AEROW clinical trial for the treatment of cystic fibrosis lung disease.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) fell 14.7% to $20.30.</li>
<li>LivaNova PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIVN#NASDAQ">LIVN</a>) fell 11.8% to $52.92 after the company&#8217;s RECOVER clinical study did not meet its primary endpoint for the unipolar cohort, though statistical significance was achieved in select secondary endpoints.</li>
<li>Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) shares declined 10.7% to $118.57 after the company posted downbeat first-quarter results and lowered FY guidance.</li>
<li>Dorian LPG Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPG#NYSE">LPG</a>) shares fell 9.2% to $45.66 after the company announced a public offering of common shares.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) fell 7.7% to $4.8650 following worse-than-expected first-quarter earnings.</li>
<li>Vertiv Holdings Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) declined 6.5% to $90.75</li>
<li>Sleep Number Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNBR#NASDAQ">SNBR</a>) fell 6.4% to $14.88.</li>
<li>Ollie&#8217;s Bargain Outlet Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) declined 3.8% to $86.42. Ollie&#8217;s Bargain posted better-than-expected first-quarter earnings on Wednesday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39205294/jim-cramer-recommends-buying-pnc-financial-services-calls-mastec-a-great-infrastructure-">Jim Cramer Recommends Buying PNC Financial Services, Calls MasTec A &#8216;Great Infrastructure Play&#8217;</a>

Intraday Update

AEMD

AIRJ

AONC

ASNS

ASST

BASE

BNRG

CHSN

CLEU

CODX

FDMT

FIVE

FRES

FRGT

GIII

HALO

ISPC

JWEL

KITT

LIVN

LULU

MITQ

MSGM

NDRA

OLLI

ONMD

PHAR

PLTN

PXDT

REPL

RYDE

SCWX

SMAR

SNBR

TRSG

VIRI

VNDA

VRAX

VTYX

XPOF

ZCAR

Why G-III Apparel Shares Are Trading Lower By 13%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

United Natural Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unfi#NYSE">UNFI</a>) posted soft third-quarter fiscal 2024 results, as both the top and bottom lines declined year over year, and sales fell short of the Zacks Consensus Estimate. 
However, the company has been on track with operational and efficiency initiatives to drive cost reductions and supply chain efficiencies. Additionally, United Natural is nearing a new multi-year strategic plan set to commence in fiscal 2025. The updated strategy is expected to generate nearly $100 million in free cash flow in fiscal 2025, with expectations for stable and reliable profit and cash flow growth, improved returns on capital and a reduction in net leverage over multiple years.
<h3>Quarter in Detail</h3>
United Natural&#39;s adjusted earnings came in at 10 cents per share, which matched the Zacks Consensus Estimate. However, this Zacks Rank #4 (Sell) company&#39;s bottom line slumped 81.5% from 54 cents reported in the year-ago period.
<div class="chart_embed">
<h3>United Natural Foods, Inc. Price, Consensus and EPS Surprise 
<a href="https://www.zacks.com/stock/chart/UNFI/price-consensus-eps-surprise-chart?icid=chart-UNFI-price-consensus-eps-surprise-chart"><img alt="United Natural Foods, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/54/1717672405.png" style="height:265px; width:576px" title="" /> </a></h3>
United Natural Foods, Inc. price-consensus-eps-surprise-chart | United Natural Foods, Inc. Quote
</div>
Net sales inched down 0.1% to $7,498 million, which missed the Zacks Consensus Estimate of $7,564 million. The downside can be attributed to lower unit volumes, partly compensated by inflation and new business with existing customers. 
Chains, Independent retailers and Retail witnessed a sales decline of 1.2%, 3.1% and 4.5%, respectively. Supernatural and Other channels rose 5.3% and 0.6%, respectively. 
United Natural&#39;s gross profit rose 2% to $1,020 million. Excluding the non-cash LIFO charge in both periods, the gross margin contracted 10 basis points to 13.7% in the third quarter due to reduced levels of procurement gains stemming from decelerating inflation, as well as a reduced retail gross margin. 
Operating expenses were $992 million compared with $967 million reported in the year-ago quarter. As a percentage of sales, operating expenses were 13.2% compared with 12.9% in the year-ago period. The increase resulted from elevated incentive compensation. 
Adjusted EBITDA came in at $130 million, down from the $159 million reported in the year-ago quarter.
<h3>Other Updates</h3>
The company had total liquidity of nearly $1.26 billion as of Apr 27, 2024, including cash of nearly $39 million and nearly $1.23 billion under the company&#39;s asset-backed lending facility. Total outstanding debt (net of cash) was $2.13 billion, down $30 million on a sequential basis. 
During the third quarter, United Natural&#39;s free cash flow amounted to $49 million, with net cash provided by operating activities being $125 million and capital expenditures amounting to $76 million.
<h3>Fiscal 2024 Guidance</h3>
For fiscal 2024, the company continues to anticipate net sales in the range of $30.5-$31.0 billion. 
Adjusted EBITDA is now expected in the $490-$520 million range compared with the $475-$525 million range forecasted earlier. UNFI now expects to deliver a net loss of $109-$85 million in fiscal 2024 compared with a net loss of $101-$65 million expected earlier. 
United Natural now envisions the fiscal 2024 bottom line between a loss of 20 cents and earnings of 20 cents. Management had earlier guided the bottom line between a loss of 56 cents per share and earnings of 6 cents. 
The company projects capital and cloud implementation expenditures of nearly $370 million for fiscal 2024. 
Shares of UNFI have risen 10.5% in the past three months against the industry&#39;s decline of 3.2%.
<h3>Better-Ranked Food Bets</h3>
Vital Farms Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>) offers a range of produced pasture-raised foods. It currently sports a Zacks Rank #1 (Strong Buy). VITL has a trailing four-quarter average earnings surprise of 102.1%. 
The Zacks Consensus Estimate for Vital Farms&#39; current financial-year sales and earnings suggests growth of 22.5% and 59.3%, respectively, from the year-ago reported numbers. 
Conagra Brands (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cag#NYSE">CAG</a>), a consumer packaged goods food company, currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for CAG&#39;s current fiscal-year earnings indicates a decline of 5.1% from the year-ago reported figure. 
Conagra Brands has a trailing four-quarter earnings surprise of 6.8%, on average. 
Utz Brands Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/utz#NYSE">UTZ</a>) manufactures a diverse portfolio of salty snacks and currently carries a Zacks Rank #2. UTZ has a trailing four-quarter earnings surprise of 2%, on average. 
The Zacks Consensus Estimate for Utz Brands&#39; current financial-year earnings suggests growth of 24.6% from the year-ago reported numbers.
<a href="https://www.zacks.com/stock/news/2284600/united-natural-unfi-q3-earnings-meet-estimates-sales-decline?cid=CS-BENZ-FT-analyst_blog|earnings_article-2284600">To read this article on Zacks.com click here.</a>

VITL

United Natural Q3 Earnings Meet Estimates, Sales Decline

United Natural Foods shares are trading higher after ROTH MKM maintained a Neutral rating on the stock and raised its price target from $13 to $14.

U.S. stocks were slightly higher, with the Dow Jones index gaining around 0.1% on Thursday.
Shares of The J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) rose sharply during Thursday&#8217;s session following <a href="https://www.benzinga.com/news/earnings/24/06/39205375/j-m-smuckers-bottom-line-shines-in-q4-as-cost-management-pays-off-details">upbeat quarterly earnings</a>.
The company reported a fourth-quarter FY24 sales decline of 1.3% year-on-year to $2.21 billion, missing the analyst consensus estimate of $2.24 billion. Adjusted EPS of $2.66 beat the analyst consensus estimate of $2.33, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Smucker shares climbed 6.2% to $117.16 on Thursday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>Latam Logistic Properties, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) shares surged 99.2% to $63.01 after dipping around 83% on Wednesday.</li>
<li>Replimune Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REPL#NASDAQ">REPL</a>) rose 27.3% to $7.08 as the company announced positive topline primary analysis data by Independent Central Review from IGNYTE clinical trial of RP1 plus nivolumab in anti-PD1 failed melanoma.</li>
<li>SecureWorks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCWX#NASDAQ">SCWX</a>) gained 20.3% to $7.04 following upbeat quarterly results.</li>
<li>Smartsheet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) rose 18.8% to $44.90 after the company reported better-than-expected first-quarter financial results and announced an inaugural $150 million share repurchase program.</li>
<li>Xponential Fitness, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) climbed 18.1% to $11.65.</li>
<li>Pharming Group N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAR#NASDAQ">PHAR</a>) surged 13.8% to $8.74.</li>
<li>Halozyme Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HALO#NASDAQ">HALO</a>) jumped 10.8% to $50.60 after the company raised its FY24 guidance.</li>
<li>The Toro Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) gained 8% to $85.97 after the company reported better-than-expected second-quarter EPS and sales.</li>
<li>United Natural Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) climbed 7.1% to $14.35. Roth MKM analyst Bill Kirk maintained United Natural Foods with a Neutral and raised the price target from $13 to $14.</li>
<li>Maplebear Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) rose 6.7% to $33.02 after the company approved a $500 million share repurchase program.</li>
<li>Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) rose 6.7% to $41.28 after the company reported better-than-expected first-quarter financial results.</li>
<li>iRhythm Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRTC#NASDAQ">IRTC</a>) gained 5.8% to $95.83.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) shares climbed 5% to $22.65 after the company announced it will acquire cryptocurrency exchange Bitstamp.</li>
<li>Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) rose 4.8% to $16.28 after the company provided 2027 financial targets ahead of its Investor Day.</li>
<li>Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) gained 4.7% to $111.78.</li>
<li>Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) rose 4.3% to $50.32 following upbeat quarterly results.</li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) shares gained 3.5% to $319.05 as the company reported upbeat financial results for its first quarter and authorized a $1 billion increase in its stock repurchase program.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39205294/jim-cramer-recommends-buying-pnc-financial-services-calls-mastec-a-great-infrastructure-">Jim Cramer Recommends Buying PNC Financial Services, Calls MasTec A &#8216;Great Infrastructure Play</a>&#8216;

CART

CIEN

HOOD

ILMN

IRTC

LYFT

SMTC

J.M. Smucker Posts Upbeat Earnings, Joins Toro Company, United Natural Foods, Semtech And Other Big Stocks Moving Higher On Thursday

Roth MKM analyst Bill Kirk maintains United Natural Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) with a Neutral and raises the price target from $13 to $14.

Roth MKM Maintains Neutral on United Natural Foods, Raises Price Target to $14

United Natural Foods (UNFI – Research Report), the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Leah Jo...

United Natural Foods: Hold Rating with Cautious Optimism Amid Market Recovery and Industry Challenges

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on United Natural Foods (UNFI – Research Report) and Coca-Cola E...

Analysts' Opinions Are Mixed on These Consumer Goods Stocks: United Natural Foods (UNFI) and Coca-Cola Europacific Partners (CCEP)

United Natural Foods (UNFI) has disclosed a new risk, in the Corporate Activity and Growth category. United Natural Foods' pursuit of strategic tra...

United Natural Foods: Navigating Growth and Risk in Strategic Expansion

United Natural Foods ($UNFI), a leading North American distributor of health and specialty foods, has experienced significant growth recently, spur...

United Natural Foods (UNFI) Stock Surges on Successful Growth Strategy

The 1-Minute Market Report October 6, 2024

Kingdom Capital Advisors Q3 2024 Investor Letter

Miller Deep Value Select Strategy Q3 2024 Letter

In a report released today, Kelly Bania from BMO Capital maintained a Hold rating on United Natural Foods (UNFI – Research Report), with a price ta...

United Natural Foods: Balancing Strategic Initiatives with Market Challenges – Hold Rating

United Natural Foods: Struggles With Profitability Make The Stock A Poor Investment

Comments

United Natural Foods

Notizie

Ultime notizie per United Natural Foods (NYSE:UNFI) Azioni

Le persone guardano anche

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO