United Natural Foods Stock Plunges After Slashing Profit Guidance

United Natural Foods

stock plunged more than 23% early Wednesday as the food distributor slashed its profit outlook for 2023 and withdrew long-term financial targets.

The company (Ticker: UNFI), which distributes organic and natural foods to grocers including Whole Foods Market, also missed earnings expectations when it reported results for its fiscal second quarter Wednesday.

Source: https://www.barrons.com/articles/united-natural-foods-profit-guidance-stock-earnings-85a66173?siteid=yhoof2&yptr=yahoo