United Natural Q4 Results Top Estimate, Outlook Strong; Stock Up - Quick Facts

(RTTNews) - United Natural Foods Inc (UNFI) Wednesday reported fourth-quarter net earnings of $33.4 million or $0.67 per share compared with $32 million or $0.65 per share last year.

On average, 19 analysts polled by Thomson Reuters estimated earnings of $0.65 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were up 7.4 percent at $1.76 billion compared with $1.64 billion in the prior year. Analysts expected revenues of $1.73 billion.

"During fiscal 2014 UNFI continued to enhance its product offering through the acquisition of Tony's Fine Foods while building out capacity and infrastructure. These initiatives will serve us well as consumers and retailers continue to demand our natural, organic, ethnic and specialty SKUs," said CEO Steven Spinner.

Looking ahead to the full year 2015, the company expects earnings of $2.88 to $3.01 per share on revenues of $8.13 billion to $8.38 billion. Analysts expect earnings of $2.88 per share on revenues of $7.76 billion.

UNFI closed Wednesday at $63.61, up $0.43 or 0.68%, on a volume of 722k shares on the Nasdaq. In after hours, the stock gained $4.86 or 7.64%.