---
schema_version: "secwatch.filing_event.v1"
accession: "0001020859-23-000010"
form_type: "8-K"
ticker: "UNFI"
cik: "0001020859"
company_name: "UNITED NATURAL FOODS INC"
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:10:12.151922+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# UNFI Q2 net income falls 71% to $19M; cuts FY2023 profit outlook, withdraws FY2024 targets

## Summary
- Net sales rose 5.4% to $7.8B, driven by inflation and new business; gross profit down $6M.
- Adjusted EBITDA $181M (-17.7% YoY); adjusted EPS $0.78 (-42.6% YoY); GAAP EPS $0.31.
- Raising FY2023 sales outlook but lowering profitability guidance; withdrawing FY2024 targets.
- Reduced net debt by $427M sequentially, aided by accounts receivable monetization.
- CEO cites lack of repeat procurement gains from prior-year inflation and supply chain volatility.

## SEC filing metadata
- accession: 0001020859-23-000010
- form_type: 8-K
- ticker: UNFI
- cik: 0001020859
- company_name: UNITED NATURAL FOODS INC
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1020859/000102085923000010/0001020859-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1020859/000102085923000010/unfi-20230308.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001020859-23-000010
- JSON: https://secwatch.observer/filing/0001020859-23-000010.json
- Plain text: https://secwatch.observer/filing/0001020859-23-000010.txt

## Key facts
- Earnings Releases
  UNITED NATURAL FOODS INC reported the second quarter of fiscal 2023 (13 weeks) ended January 28, 2023 results: revenue $7,816, net income $19, EPS $0.31. Guidance lowered.
  - Period: the second quarter of fiscal 2023 (13 weeks) ended January 28, 2023
  - Revenue: $7,816
  - Net income: $19
  - EPS: $0.31
  - Guidance: lowered
  - Result: reported results
  source text: to shareholder returns,” Mr. Douglas concluded. 13-Week Period Ended Percent Change ($ in millions, except for per share data) January 28, 2023 January 29, 2022 Net sales $ 7,816 $ 7,416 5.4 % Chains $ 3,322 $ 3,243 2.4 % Independent retailers $ 1,980 $ 1,905 3.9 % Supernatural $ 1,659 $ 1,453 14.2 % Retail $ 660 $ 643 2.6 % Other $ 609 $ 581 4.8 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1020859/000102085923000010/0001020859-23-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.