** charts after earnings **
The premier natural and organic food wholesaler reported fiscal fourth-quarter results that gave shareholders continued confidence in its ability to remain profitable.
United Natural's numbers looked mixed at first glance. Sales for the fourth quarter fell 0.5%, closing a year in which the company's top line grew at a pace of just 1.5%. However, adjusted earnings of $1.18 per share for the quarter were up 11% year over year. Moreover, United Natural closed the year with adjusted earnings of $3.88 per share, up 43% from fiscal 2020's bottom-line numbers.
Yet even with relatively modest expectations for future growth, United Natural shareholders seemed quite pleased with the company's outlook. United Natural sees sales in fiscal 2022 of between $27.8 billion and $28.3 billion, which would represent growth of only about 4% from fiscal 2021 levels. Similarly, adjusted earnings of $3.90 to $4.20 per share would be only about 4% higher than corresponding earnings from the just-ended fiscal year.
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