United Natural Foods will announce its earnings results this Tuesday morning, with analysts expecting revenue to remain flat year over year, an improvement from the 5.6% decline recorded in the same quarter last year. The company missed revenue expectations last quarter, reporting $7.72 billion, down 4.2% year on year, though it narrowly beat EBITDA estimates and met full-year revenue guidance. Analysts have generally reconfirmed their estimates over the past 30 days, suggesting they expect the business to stay the course. United Natural Foods has missed Wall Street's revenue estimates multiple times over the last two years. Among its peers in the perishable food segment, Freshpet delivered 15.5% year-on-year revenue growth, beating expectations by 4.5%, while Del Monte Corporation reported revenues up 3.1%, falling short by 6.6%. United Natural Foods shares are down 3.8% over the last month, trading at $43.94, with an average analyst price target of $49.38.
United Natural Foods IncEarnings report expected with flat revenue and past misses; shares down 3.8%.
Del Monte Corporation
Freshpet Inc