United Natural Foods rises after raising annual forecasts, beating quarterly estimates

Shares of grocery wholesaler United Natural Foods UNFI.N up 4.5% at $27 premarket

Co raises annual net sales, profit forecasts following a Q2 results beat

Says Q2 net sales rise of 4.9% were driven by a 3% increase in wholesale unit volumes, natural product growth and inflation benefits

Q2 marks seventh consecutive quarterly profit beat and third consecutive net sales beat; revised annual forecasts also largely below analysts' estimates- data compiled by LSEG

UNFI rose ~68% in 2024, and down 5.4% YTD as of last close