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Here's Why United Natural Foods Stock Is Spiking Higher Again Today

Jon Quast, The Motley Fool
·2 min read
Here's Why United Natural Foods Stock Is Spiking Higher Again Today

Shares of grocery supplier United Natural Foods (NYSE: UNFI) are surging this morning, after the company released preliminary results for the third quarter of fiscal 2020. With today's move, the stock has doubled in just a week, and quadrupled in value since March lows, as investors realize that grocery products are still in high demand. Quarterly net sales grew 12% year over year for United Natural Foods, as consumer spending shifted from restaurants to grocery.

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