secwatch.observer — SEC 8-K summary
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Issuer:     UNITED NATURAL FOODS INC (UNFI)
CIK:        0001020859
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001020859-23-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1020859/000102085923000029/0001020859-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1020859/000102085923000029/unfi-20230607.htm
  HTML page:      https://secwatch.observer/filing/0001020859-23-000029

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