08.12.2015 - United Natural Foods has reported about decline in profits
The company United Natural Foods reported earnings decline by 8.8% in the last quarter. The company's profit dropped to 30.1 million dollars against 33.0 million for the same period last year. At the same time, revenue rose to 2.08 billion dollars. Currency fluctuations and transition to low-income sales channels negatively affected the results. Given the deterioration of the forecasts, we expect a further fall in the shares of the company by 25-30% per annum in the coming months.