United Natural Foods Q3 Sales Slip, Revises Annual Guidance; Stock Down 11% In Pre-Market

United Natural Foods reported a net profit for the third quarter, supported by lower expenses, even as net sales declined. The company also revised its annual guidance, indicating a mixed operating backdrop with profitability improving but top-line pressure persisting.

Analysis

United Natural Foods reported a net profit for the third quarter, supported by lower expenses, even as net sales declined. The company also revised its annual guidance, indicating a mixed operating backdrop with profitability improving but top-line pressure persisting.