United Natural Foods Inc.’s stock shed early gains to trade flat early Wednesday, after the grocery retailer’s fiscal second-quarter sales fell short of estimates and it lowered its full-year guidance.
The Providence, R.I.-based company, which is attempting a turnaround, posted a net loss of $15 million, or 25 cents a share, for the quarter to Jan. 27, after net income of $19 million, or 31 cents a share, in the year-earlier period.
Excluding…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Already a subscriber?
Log In
Read the original article
