United Natural: Fiscal 1Q Earnings Snapshot

PROVIDENCE, R.I. (AP) _ United Natural Foods Inc. (UNFI) on Wednesday reported a fiscal first-quarter loss of $383.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Providence, Rhode Island-based company said it had a loss of $7.21. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The organic and specialty foods distributor posted revenue of $6.02 billion in the period.

United Natural expects full-year earnings in the range of $1.22 to $1.76 per share, with revenue in the range of $23.5 billion to $24.3 billion.

United Natural shares have decreased nearly 7% since the beginning of the year. The stock has dropped 28% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNFI at https://www.zacks.com/ap/UNFI