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PROVIDENCE, R.I. - United Natural Foods , Inc. (NYSE:UNFI) reported fiscal third quarter earnings and revenue that topped analyst expectations on Tuesday.
The food wholesaler saw its stock jump over 5.24% in pre-market trading after the earnings release.
The company posted adjusted earnings per share of $0.44 for the quarter ended May 3, beating the consensus estimate of $0.21. Revenue grew 7.5% YoY to $8.1 billion, surpassing analysts’ projections of $7.78 billion.
"During the third quarter, our customers helped us deliver another solid quarter of sales growth and our seventh consecutive quarter of sequentially improving Adjusted EBITDA," said Sandy Douglas, UNFI’s CEO.
Adjusted EBITDA increased 20.8% to $157 million compared to the same period last year. The company said its focus on becoming a more efficient partner for customers and suppliers led to steady margin improvement.
For fiscal 2025, UNFI reaffirmed its revenue guidance of $31.3-$31.7 billion. It also maintained its adjusted EPS outlook of $0.70-$0.90.
The company noted it is currently managing through a cyber incident discovered on June 5, which has impacted some of its information technology systems. UNFI said it is working to rapidly restore capabilities while helping customers with short-term solutions.
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