United Pure Meals inventory surges 10% on Q1 beat and lift

NEW YORK – United Pure Meals , Inc. (NYSE:UNFI) noticed its inventory leap 10.4% in premarket buying and selling on Tuesday after the grocery wholesaler reported better-than-expected first quarter outcomes and raised its full-year steerage.

The corporate posted adjusted earnings per share of $0.16 for the primary quarter ended November 2, beating analyst estimates of a $0.03 loss per share. Income rose 4.2% year-over-year to $7.87 billion, surpassing expectations of $7.61 billion.

United Pure Meals attributed the robust efficiency to new enterprise beneficial properties with current clients and improved operational execution. The corporate’s Supernatural section, which incorporates Complete Meals Market, noticed gross sales surge 13.8% in comparison with the prior yr quarter.

“Our efficiency this quarter represents a stable begin to fiscal 2025 and serves as an early proof level of our not too long ago launched multi-year strategic plan,” stated CEO Sandy Douglas.

Trying forward, United Pure Meals raised its full-year outlook, now anticipating adjusted EPS of $0.40-$0.80 on income of $30.6-$31 billion.

The corporate additionally reported a $170 million enchancment in free money circulation in comparison with the prior yr quarter, reflecting progress on its effectivity initiatives.

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