Revenue Update on United Natural Foods(NASDAQ:UNFI)

United Natural Foods(NASDAQ:UNFI) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Sep 12, 2016. Company reported revenue of $2.21B. Analysts estimated a revenue of $2.22B. Earnings per share were $0.70. Analysts had estimated an EPS of $0.63.

United Natural Foods (UNFI) shares turned negative on Tuesdays trading session with the shares closing down -0.76 points or -1.93% at a volume of 5,09,325. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.6. The peak price level was also seen at $39.6 while the days lowest was $38.52. Finally the shares closed at $38.55. The 52-week high of the shares is $55.69 while the 52-week low is $29.75. According to the latest information available, the market cap of the company is $1,942 M.

Several Insider Transactions has been reported to the SEC. On Oct 20, 2015, Thomas A Dziki (CHRSO) sold 19,195 shares at $53.94 per share price.Also, On Oct 8, 2015, Donald P. Mcintyre (SVP, National Supply Chain) sold 1,200 shares at $52.94 per share price.On Aug 25, 2015, Sean Griffin (COO) purchased 6,521 shares at $46.10 per share price, according to the Form-4 filing with the securities and exchange commission.

United Natural Foods Inc. is a distributor of natural organic and specialty foods and non-food products in the United States and Canada. It offers products in six product categories: grocery and general merchandise produce perishables and frozen foods nutritional supplements and sports nutrition bulk and food service products and personal care items. Its operations consist of three operating divisions: wholesale division which includes its natural organic and specialty distribution business in the United States; UNFI Canada which is its natural organic and specialty business in Canada; Albert’s Organics Inc. and Select Nutrition; retail division consisting of EOM which operates its 12 natural products retail stores within the United States; manufacturing division consisting of Woodstock Farms Manufacturing. In July 2014 the Company acquired all of stock of Tony’s Fine Foods making it a wholly-owned subsidiary of the Company.

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