Canaccord analyst Scott Van Winkle remains bullish on United Natural Foods Inc UNFI 0.41% following the company’s recent pre-announcement and impressive fiscal 2016 guidance. In a new report, Van Winkle notes that United has now become a better value than rival Sysco Corp SYY 2.1% for only the second time since 2008.

Pre-Announcement Beat

United pre-announced GAAP EPS of $0.72 to $0.73, a slightly bullish range compared to both Canaccord’s estimates of $0.70 and Wall Street’s consensus estimate of $0.72. The revenue range of $2.060-2.065 billion also modestly topped consensus estimates.

Van Winkle notes that these strong numbers are surprising considering the recent struggles by Whole Foods Market Inc WFM 3.68%.

2016 Guidance

In addition to strong earnings numbers, United’s 2016 guidance also came in…

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