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United Natural Foods reports a 7.5% sales jump to $8.06B, exceeding forecasts despite a narrower net loss.
United Natural Foods (UNFI) saw a 7.5% rise in third-quarter sales to $8.06 billion, exceeding estimates.
The increase was driven by higher wholesale volumes and new business.
Despite a slight drop in gross margin to 13.4%, gross profit rose 6.1% to $1.1 billion.
Adjusted earnings per share were 44 cents, well above expectations.
UNFI maintained its annual sales and earnings forecasts but reported a narrower net loss.
The company also announced the termination of an unprofitable supply agreement and plans to close a distribution center.
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United Natural Foods informa un salto de ventas del 7.5% a $8.06B, superando las previsiones a pesar de una pérdida neta más pequeña.