UNFI Releases Positive Fiscal Guidance for 2019

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Shares of United Natural Foods Inc. (UNFI) rose 28% on Wednesday, thanks to upbeat fiscal 2019 guidance given at an Investor Day Conference, according to The Motley Fool (TMF).

TMF said that UNFI’s management’s focus for the next three years will be to successfully integrate Supervalu, optimize its distribution network, and generate cash to pay down debt.

Yahoo! Finance (YF) reported that UNFI now expects a net per-share loss of 50 to 70 cents, including expenses associated with asset divestitures. UNFI expects adjusted earnings per share of $1.69 to $1.89, above the FactSet consensus of $1.60, and net sales ranging from $21.5 billion to $22 billion, above the FactSet consensus of $21.35 billion.

YF also reported that UNFI expects adjusted EBITDA of $650 million to $665 million, compared with the FactSet consensus of $636 million.

The Motley Fool reported that, given that the stock had shed much of its value over the course of the past few months, any business improvement from UNFI could fuel the stock higher.

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