United Natural Foods (UNFI) Stock Surges by 5.02% Amid Industry Decline

Author's Avatar
Oct 17, 2024
Article's Main Image

United Natural Foods Inc. (UNFI, Financial) experienced a significant rise in its stock price, increasing by 5.02%. The stock reached $22.18 per share with a trading volume of 373,977 shares and a turnover rate of 0.63%. The stock's volatility was marked by a 5.54% amplitude.

In its latest financial report, United Natural Foods reported revenue of $30.98 billion with a net loss of $112 million. The earnings per share stood at -$1.89, and the company recorded a gross profit of $3.884 billion, resulting in a price-to-earnings ratio of -11.73.

Regarding analyst ratings, out of 12 institutions, 8% recommended buying, 83% advised holding, and 9% suggested selling the stock. Within the food distribution sector, the overall decline was 0.37%. Stocks like Fuyuan Group, Joint Technology, and United Natural Foods showed significant gains. Fuyuan Group and United Natural Foods were notably active, with turnover rates of 15.43% and 0.63%, respectively. Notably, related stocks with high volatility included Fuyuan Group with 41.93%, G. Will-Food International with 10.87%, and Joint Technology with 6.56%.

United Natural Foods Inc. is a leading wholesale distributor of natural, organic, and specialty foods, as well as non-food products in North America. The company's offerings include a range of national, regional, and private label brands across grocery, general merchandise, produce, perishables, frozen foods, nutritional supplements, bulk and foodservice products, and personal care items. United Natural Foods serves various retail channels, including traditional supermarket chains, natural product superstores, independent retailers, and e-commerce platforms. Its operations are divided into the wholesale division, retail division, and manufacturing and branded products division.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.