India, Sept. 8 -- Grocery wholesaler United Natural Foods, Inc. (UNFI) reported Tuesday a profit in its fourth quarter, compared to prior year's loss, despite a slight drop in net sales. Further, the company raised adjusted EBITDA outlook for fiscal 2027, and issued positive earnings and sales view.
In pre-market activity on the NYSE, the shares were gaining around 3.5 percent, trading at $45.50.
In the fourth quarter, net income was $35 million, compared to prior year's net loss of $87 million. Earnings per share were $0.57, compared to net loss of $1.43 per share a year ago.
Adjusted earnings per share were $0.69 for the fourth quarter, compared to adjusted loss per share of $0.11 last year.
Adjusted EBITDA increased 48.3 percent to $...