$United Natural Foods (UNFI.US)$Revenue has been growing con...
$United Natural Foods(UNFI.US$Revenue has been growing continuously for 5 years, and the growth rate has slowed to single digits in the past two years. Operating profit contracted by 36% once in 2019, then rebounded sharply. The 5-year average growth rate was 8.9%. Net profit only turned a loss of 155 million in 2021 and 254 million in 2022.
The income statement shows that losses in 2019 and 2020 were mainly due to impairment of capital assets, while the sharp increase in net profit in 2022 was affected by other net income of 100 million US dollars. Otherwise, net profit would only reach about 174 million.
2023Q1 (2022/10/19) revenue increased 7.7%, operating profit declined 12.7%, and net profit declined 13%.
Currently, the price-earnings ratio is 10.1, and the price-earnings ratio is TTM 10.6. If you take non-core profit, the corresponding price-earnings ratio is 14, and the valuation discount is not significant.
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