Does United Natural Foods (UNFI) have what it takes to be a top stock pick for momentum investors? Let's find out.
News of an estimates-busting quarter and subsequent analyst price target raises drove United Natural Foods (UNFI 1.35%) stock higher over the past few days. Consequently, according to data compiled by S&P Global Market Intelligence, as of early morning Friday the company's shares were more than 18% higher in price week to date.
With appealing growth narratives, C3.ai (AI) and United Natural Foods (UNFI) have been two of the stock market's top performers this year and their rallies could continue.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
UNFI's first-quarter results show strong sales and EPS growth, driven by volume gains and improved efficiencies, leading to a raised full-year outlook.
Shares of United Natural Foods (UNFI 20.02%) were soaring today after the leading wholesaler of organic and natural foods posted strong results in its fiscal first-quarter earnings report, beating estimates on the top and bottom lines.
United Natural Foods Inc.'s stock soared 23% Tuesday after the health-food supplier delivered a surprise adjusted profit for its fiscal first quarter and sales that easily beat estimates.
United Natural Foods, Inc. (NYSE:UNFI ) Q1 2025 Earnings Conference Call December 10, 2024 8:30 AM ET Company Participants Sandy Douglas - CEO Matteo Tarditi - President & CFO Steve Bloomquist - VP, IR Conference Call Participants John Heinbockel - Guggenheim Partners Leah Jordan - Goldman Sachs Andrew Wolf - C.L. King Ben Wood - BMO Capital Markets Alex Slagle - Jefferies Chuck Cerankosky - Northcoast Research Scott Mushkin - R5 Capital Mathew Rothway - UBS Operator Hello, and welcome to the UNFI fiscal 2025 first quarter earnings call.
United Natural Foods Inc. (UNFI) shares surged more than 20% Tuesday morning to their highest point in 18 months after the health foods supplier reported a surprise adjusted profit for the first quarter of fiscal 2025.
United Natural Foods (UNFI) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.04 per share a year ago.
UNFI's Q1 results are likely to benefit from the company's operational improvements while reflecting concerns in the Retail business.
United Natural Foods remains a 'buy' due to its undervalued stock and management's optimistic forecast for improved bottom-line performance in fiscal year 2025. Despite recent revenue growth, the company faced profitability challenges, including a net loss of $112 million in 2024, driven by higher operating costs. Analysts expect better financial results for Q1 2025, with revenue projected at $7.61 billion and a reduced net loss, signaling potential recovery.