PROVIDENCE, R.I. (AP) — PROVIDENCE, R.I. (AP) — United Natural Foods Inc. (UNFI) on Tuesday reported a loss of $68 million in its fiscal fourth quarter.
The Providence, Rhode Island-based company said it had a loss of $1.15 per share. Losses, adjusted for non-recurring costs, were 25 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.
The organic and specialty foods distributor posted revenue of $7.42 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $7.43 billion.
For the year, the company reported profit of $24 million, or 40 cents per share. Revenue was reported as $30.27 billion.
United Natural expects full-year results to range from a loss of 88 cents per share to earnings of 38 cents per share, with revenue in the range of $30.9 million to $31.5 million.