Snap Inc
Snap Inc (SNAP) Stock News
The latest SNAP headlines and market coverage — 1 recent story, updated throughout the day.
- Benzinga·
United Natural Foods Warns Higher Energy Prices, SNAP Cuts Are Impacting Consumers
United Natural Foods, Inc. (NYSE: UNFI ) stock fell Tuesday after the grocery wholesaler reported third-quarter fiscal 2026 results that missed Wall Street expectations and narrowed its full-year outlook. Earnings Miss Expectations Adjusted earnings came in at 77 cents per share, missing analysts’ estimates of 78 cents per share . Revenue totaled $7.72 billion, below the consensus estimate of $7.80 billion. Sales declined 4.2% from a year earlier. The company said optimization initiatives reduced sales by about 450 basis points during the quarter. The decline primarily reflected lower conventional product sales following the closure of the Allentown, Pennsylvania, distribution center and reduced project-based work in the natural products business. Despite the sales decline, adjusted EBITDA increased 16.6% year over year to $183 million. As of May 2, 2026, United Natural Foods had total liquidity of approximately $1.25 billion. Natural Products Business Shows Strength Natural product sales increased more than 4% from the prior year, driven by continued demand for natural, organic, fresh and specialty products. Conventional product ... Full story available on Benzinga.com