Grocery wholesaler United Natural Foods Inc (NYSE:UNFI) shares are surging after the fourth-quarter earnings.
The company reported a sales increase of 10% Y/Y to $8.15 billion, beating the analyst consensus estimate of $7.94 billion, thanks to inflation and improving unit volume that turned positive toward quarter-end.
Gross margin expanded to 13.7% from 13.0% last year on lower shrink expense. The gross profit upped 15.5% Y/Y to $1.1 billion.
Adjusted EBITDA jumped 53.8% Y/Y to $143 million. Adjusted EPS of $0.01 beat the consensus loss estimate of $0.10.
Free cash flow stood at $71 million in the quarter. As of August 3, the company had ...
