Insider Trading Tue 10/10/23

Notable purchases -- CEO/Chairman adds to ERAS; CFO adds to UNFI

Buyers:

• ALIT Director bought 50,000 shares at of $6.4491 - $6.45 worth ~$322K.
• ERAS Chairman & CEO bought 1,000,000 shares worth ~$2.0 mln.
• OSTK Director bought 42,200 shares at $16.74 - $17.78 worth ~$736K.
• UNFI CFO bought 5,490 shares at $13.68 - $13.69 worth ~$75K.

Sellers:

• NA

United Natural Foods (UNFI) reported earnings on Tue 28 Sept 21 (b/o)

 ** 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.

-=United Natural Foods (UNFI) reported earnings on Thur 6 Dec 18 (a/h)

United Natural Foods misses by $0.14, beats on revs; guides FY19 EPS below consensus, revs in-line

• Reports Q1 (Oct) earnings of $0.59 per share, $0.14 worse than the S&P Capital IQ Consensus of $0.73; revenues rose 16.7% year/year to $2.87 bln vs the $2.7 bln S&P Capital IQ Consensus.
• Reports gross margin of 14.38% which included a $1.8 million, or 0.06% of net sales, inventory fair value adjustment charge related to the acquisition of SUPERVALU. When adjusted for this charge, gross margin in 1Q19 was 14.44% of net sales compared to 14.94% of net sales in last fiscal year's first quarter.
• Co issues guidance for FY19, sees EPS of $1.69-$1.89 vs. $3.32 S&P Capital IQ Consensus; sees FY19 revs of $21.5-$22.0 bln vs. $21.52 bln S&P Capital IQ Consensus. Sees Adj EBITDA of $650-$665 mln.

Earnings this week : Dec 3 - 7, 18 (wk 49)

Earnings confirmed to report this week

Monday (Dec 3)    

• Morning: FNSR
• Afternoon:  COUP MESA RH SMAR

Tuesday (Dec 4)

• Morning:  AZO AVYA BMO BNED CONN DG DCI GMS HDS MOV SECO TOL
• Afternoon: ESTC GWRE HOME HPE HQY MDB MRVL OLLI  OL ZS

Wednesday (Dec 5)
Markets will be closed for the mourning of the 41st US President George H.W. Bush

• Morning: AEO BF.B GIII JW.A LE MOMO SCWX 
• Afternoon: CLDR FIVE GEF HRB KFY  OKTA SNPS  

Thursday (Dec 6)

• Morning:  DLTH GCO GIII HOME HOV HRB KFY KR LE MEI MIK MOMO PDCO PLCE SCWX SIG THO TTC VRNT
• Afternoon:  AOBC AVGO CMTL COO DOCU DOMO LULU SAIC ULTA UNFI ZUMZ

Friday (Dec 7)

• Morning: BIG MTN

=United Natural Foods (UNFI) reported earnings on Thur 20 Sept 2018 (a/h)

United Natural Foods misses by $0.10, reports revs in-line; guides FY19 EPS in-line, revs above consensus 

• Reports Q4 (Jul) earnings of $0.76 per share, excluding non-recurring items, $0.10 worse thanthe S&P Capital IQ Consensus of $0.86; revenues rose 10.7% year/year to $2.59 bln vs the $2.61 bln S&P Capital IQ Consensus. 
• Gross margin for the fourth quarter of fiscal 2018 was 14.50%, a decrease of 125 basis points, impacted by a shift in customer mix where net sales growth of their largest customer outpaced growth of other customers with higher margin and by an increase in inbound freight costs.
• Co issues guidance for FY19, sees EPS of $3.48-3.58, excluding non-recurring items, vs. $3.54 S&P Capital IQ Consensus; sees FY19 revs of $11.1-11.3 bln vs. $11.03 bln S&P Capital IQ Consensus.
• Following the expected close of the SUPERVALU acquisition in Q4, the Company plans to host and webcast an investor day in Orlando, FL on January 16, 2019, to further discuss its long-term strategic objectives and opportunities. 

Earnings expected this week : Sept 17 - 21, 18 (wk 38)

Earnings confirmed for this week

Monday (Sept 17) 

• Morning: None
• Afternoon: FDX  ORCL

Tuesday (Sept 18)

• Morning: APOG AZO CBRL GIS 
• Afternoon: None

Wednesday (Sept 19)

• Morning: CPRT
• Afternoon: MLHR  RHT

Thursday (Sept 20)

• Morning: DRI   THO
• Afternoon: MU  SCS  UNFI

Friday (Sept 21)

• Morning: None

=Supervalu (SVU) to be acquired by United Natural Foods (UNFI) for $2.9 bln

July 26 (Reuters) - United Natural Foods Inc said on Thursday it would buy U.S. supermarket operator Supervalu Inc in a deal valued at about $2.9 billion, including debt.

United Natural Foods, which is a distributor of natural and organic foods, said it would offer $32.50 per share in cash, representing a 67 percent premium to Supervalu's Wednesday close.

-=United Natural Foods (UNFI) reported earnings on Wed 6 June 2018 (a/h)

United Natural Foods beats by $0.11, beats on revs; co raises FY18 EPS above consensus, raises revs in-line 

• Reports Q3 (Apr) earnings of $1.04 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus of $0.93; revenues rose 11.8% year/year to $2.65 bln vs the $2.58 bln Capital IQ Consensus.
• Co raises guidancefor FY18, sees EPS of $3.18-3.23 vs. $3.10 Capital IQ Consensus Estimate, from $3.06-3.14; sees FY18 revs of $10.2-10.3 bln vs. $10.1 bln Capital IQ Consensus Estimate, from $10.0-10.2 bln

=United Natural Foods (UNFI) reported earnings on Thur 8 March 2018 (a/h)

United Natural Foods beats by $0.14, beats on revs; co raises FY18 EPS guidance above consensus, raises revs guidance above consensus 

• Reports Q2 (Jan) earnings of $0.71 per share, excluding non-recurring items, $0.14 better than the Capital IQ Consensus of $0.57; revenues rose 10.6% year/year to $2.53 bln vs the $2.45 bln Capital IQ Consensus.
• Co raises guidance for FY18, sees EPS of $3.06-3.14, excluding non-recurring items, vs. $3.08 Capital IQ Consensus Estimate, from $2.72-2.80; sees FY18 revs of $10.01-10.16 bln vs. $9.92 bln Capital IQ Consensus Estimate, up from $9.84-10.0 bln.

=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.