Why United Natural Foods Was Rocketing Higher This Week

News of an estimates-busting quarter and subsequent analyst price target raises drove United Natural Foods (NYSE: UNFI) stock higher over the past few days. Consequently, according to data compiled by S&P Global Market Intelligence, as of early morning Friday the company's shares were more than 18% higher in price week to date.United, which is the No. 1 wholesale provider of organic and natural food products, unveiled its latest set of quarterly results on Tuesday. In its first quarter of fiscal 2025, ended Nov. 2, the company earned just under $7.9 billion in revenue, a figure that was 4% higher year over year. Better, it flipped dramatically to a bottom-line non-GAAP (adjusted) profit of $0.16 per share, from the 0.04 loss in the year-ago quarter. Both headline results crushed the consensus analyst estimates. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool