UNFI

Quarterly Performance: United Natural Foods, Inc. reported first-quarter adjusted earnings per share of 56 cents, exceeding analyst expectations of 41 cents, despite a slight decline in overall sales to $7.840 billion.

Sales Breakdown: The company's natural channel sales increased by 10.5% to $4.24 billion, while conventional channel sales fell by 11.7% to $3.33 billion, and retail sales decreased by 5.5% to $554 million.

Financial Health: As of November 1, 2025, United Natural Foods had total liquidity of approximately $1.33 billion, including $38 million in cash and $1.29 billion in unused lending capacity, with a notable improvement in free cash flow usage.

Future Outlook: The company reaffirmed its fiscal 2026 adjusted EPS outlook between $1.50 and $2.30, and maintained its sales forecast at $31.6 billion to $32.0 billion, aligning closely with analyst estimates.

Mixed Financial Results: Brown-Forman Corporation reported a mixed second-quarter fiscal 2026, with net sales of $1.036 billion beating estimates but earnings per share of 47 cents missing expectations, reflecting a year-over-year decline in both sales and earnings.

Market Performance: Despite the challenges, Brown-Forman's shares have increased by 4.1% over the past three months, contrasting with a 2.4% drop in the industry.

Sales Trends: The company experienced a 9% decline in net sales in the U.S. and a 4% drop in Developed International markets, while Emerging markets saw a 10% increase, driven by strong growth in specific brands.

Future Outlook: Management anticipates continued challenges in fiscal 2026, projecting low-single digit declines in organic net sales and operating income, while also committing to long-term growth strategies through innovation and restructuring.

Market Reactions: Instacart's parent company, Maplebear, fell nearly 4% due to Amazon's announcement of "ultra-fast" grocery delivery, while Boeing rose 8% after securing a $104.4 million Navy contract and providing positive cash flow guidance for 2026.

Earnings Reports: MongoDB's shares surged 23% following strong third-quarter results, while United Natural Foods gained 9% after beating earnings expectations, despite revenue falling short.

Stock Upgrades and Downgrades: Several companies saw stock movements due to analyst ratings, including Cloudflare and Bausch + Lomb, which both received upgrades, leading to respective gains of 2% and 4%.

Significant Declines: Janux Therapeutics experienced a 47% drop after disappointing trial results, and Signet Jewelers fell 4% due to lower-than-expected fourth-quarter revenue guidance.