---
schema_version: "secwatch.filing_event.v1"
accession: "0001020859-23-000029"
form_type: "8-K"
ticker: "UNFI"
cik: "0001020859"
company_name: "UNITED NATURAL FOODS INC"
filed_at: "2023-06-07T23:59:59+00:00"
generated_at: "2026-06-14T05:33:23.486664+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# UNFI Q3 net income plunges 89.6% to $7M; cuts FY2023 adjusted EBITDA outlook

## Summary
- Net sales up 3.7% to $7.5B, net income down 89.6% to $7M ($0.12 EPS) vs $1.10 prior year.
- Adjusted EBITDA fell 18.9% to $159M; adjusted EPS down 50.9% to $0.54.
- Lowering FY2023 adjusted EBITDA and EPS outlook; maintaining sales and capex guidance.
- Implementing over $100M annualized near-term cost actions; cites lower procurement gains and higher shrink.
- Supernatural channel sales up 12.2% to $1.647B; retail sales down 0.7%.

## SEC filing metadata
- accession: 0001020859-23-000029
- form_type: 8-K
- ticker: UNFI
- cik: 0001020859
- company_name: UNITED NATURAL FOODS INC
- filed_at: 2023-06-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1020859/000102085923000029/0001020859-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1020859/000102085923000029/unfi-20230607.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001020859-23-000029
- JSON: https://secwatch.observer/filing/0001020859-23-000029.json
- Plain text: https://secwatch.observer/filing/0001020859-23-000029.txt

## Key facts
- Earnings Releases
  UNITED NATURAL FOODS INC reported third quarter of fiscal 2023 (13 weeks) ended April 29, 2023 results: revenue $7.5 billion, net income $7 million, EPS $0.12. Guidance lowered.
  - Period: third quarter of fiscal 2023 (13 weeks) ended April 29, 2023
  - Revenue: $7.5 billion
  - Net income: $7 million
  - EPS: $0.12
  - Guidance: lowered
  - Result: reported results
  source text: the third quarter of fiscal 2023 (13 weeks) ended April 29, 2023. Third Quarter Fiscal 2023 Highlights (comparisons to third quarter fiscal 2022) • Net sales increased 3.7% to $7.5 billion • Gross profit decreased $12 million, or 1.2%, to $1.0 billion; prior to LIFO charge, gross profit declined 4.7% • Net income decreased 89.6% to $7 million; Earnings per diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1020859/000102085923000029/0001020859-23-000029-index.htm

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