=United Natural Foods (UNFI) reported earnings Mon 6 June 2016 (a/h)

United Natural Foods beats by $0.10, misses on revs; guides FY16 EPS above consensus, revs above consensus  :

• Reports Q3 (Apr) earnings of $0.76 per share, $0.10 better than the Capital IQ Consensus of $0.66; revenues rose 0.8% year/year to $2.13 bln vs the $2.16 bln Capital IQ Consensus.
• Co issues upside guidance for FY16, sees EPS of 2.47-2.53 vs. $2.38 Capital IQ Consensus Estimate; sees FY16 revs of 8.46-8.50 vs. $8.41 bln Capital IQ Consensus Estimate.
• Adjusted net sales increased 6.1% compared to the same period last fiscal year, excluding the year-over-year impact of the previously disclosed termination of a customer distribution contract.
• Gross margin increased to 15.1% compared to 14.5% in the second quarter of fiscal 2016.