United Natural Foods reports Q2 adjusted EPS 7c, consensus (1c)

Reports Q2 revenue $7.8B, consensus $7.78B. “Our second quarter results reflect our continued focus and progress on execution and profitability improvement through the important holiday selling season. Greater than anticipated benefits from our near-term value creation initiatives and further advances in managing shrink partially offset the expected reduction in procurement gains and start-up costs associated with a new distribution center,” said Sandy Douglas, UNFI‘s Chief Executive Officer. “We are making steady progress on the multiple work-streams underlying both our near-term and longer-term transformation into a more efficient and effective partner to our customers, while we also enhance profitability and long-term shareholder value creation.”