United Natural Foods Stock Jumps on Surprise Adjusted Profit | Global News Avenue

United Natural Foods Company (united nations federationShares of the health food supplier surged more than 20% to an 18-month high on Tuesday morning after the health food purveyor unexpectedly reported adjusted profit for the first quarter of fiscal 2025.

UNFI, which serves health-focused retailers like Amazon (Amazon) whole foods marketreported $7.87 billion incomeup from $7.55 billion last year and higher than the $7.62 billion consensus forecast by analysts polled by Visible Alpha.

The company issued a net loss The loss per share was $0.35, higher than the expected loss of $0.19 per share. However, UNFI reports Adjusted net profit Adjusted loss per share is expected to be $0.04, and loss per share is expected to be $0.16.

Chief Executive Officer (CEO) Sandy Douglas said the quarter’s results were a “solid start” to the new financial year and “early proof” of the company’s success. Recently introduced Cost-cutting measures.

UNFI raises fiscal year 2025 outlook

The company also updated fiscal 2025 guideforecast revenue of $30.6 billion to $31 billion, up from the previous range of $30.3 billion to $30.8 billion. The company also raised the lower end of its projected net loss and loss-per-share ranges to $31 million and $0.45, respectively, from $41 million and $0.65.

UNFI shares recently rose 24% to $30.60, returning to levels last touched in March 2023.