RTTNews | Mar 10, 2021 07:42AM EST

07:42 Wednesday, March 10, 2021 (RTTNews.com) - United Natural Foods, Inc. (UNFI) are rising more than 4% in the pre-market trade on Wednesday following better-than-expected second-quarter earnings.

The company today reported second quarter net income of $59.0 million or $1.00 per share compared with net loss of $30.7 million or $0.57 per share in the same quarter a year ago.

Excluding items, adjusted earnings were $1.25, that beat the average estimate of analysts polled by Thomson Reuters at $0.81 per share. Analysts' estimates typically exclude special items.

Net sales for the quarter increased 7.1% to $6.89 billion from $6.43 billion last year. The consensus estimate was for $6.91 billion.

United Natural Foods has reaffirmed its full-year outlook and expects its adjusted earnings to be at the upper end of the previously provided range.

The company sees full-year revenue in the range of $27 billion - $27.8 billion. Adjusted EPS is expected in the range of $3.05 - $3.55. Analysts expect the company to report earnings of $3.17 per share on revenue of $27.22 billion for the period.

UNFI closed Tuesday's regular trade at $30.52, down 4.12%.

Read the original article on RTTNews ( https://www.rttnews.com/3176335/stock-alert-united-natural-foods-rises-4-in-pre-market-following-upbeat-q2-results.aspx)

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