PROVIDENCE, R.I. (AP) — PROVIDENCE, R.I. (AP) — United Natural Foods Inc. (UNFI) on Tuesday reported a loss of $37 million in its fiscal fourth quarter.
The Providence, Rhode Island-based company said it had a loss of 63 cents per share. Earnings, adjusted for one-time gains and costs, came to 1 cent per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The organic and specialty foods distributor posted revenue of $8.15 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $7.87 billion.
For the year, the company reported a loss of $112 million, or $1.89 per share. Revenue was reported as $30.98 billion.
United Natural expects full-year earnings in the range of 20 cents to 80 cents per share, with revenue in the range of $30.3 billion to $30.8 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNFI at https://www.zacks.com/ap/UNFI
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