secwatch.observer — SEC 8-K summary
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Issuer:     UNITED NATURAL FOODS INC (UNFI)
CIK:        0001020859
Form:       8-K
Filed at:   2023-09-26T23:59:59+00:00
Accession:  0001020859-23-000039
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UNFI Q4 net loss $68M; adjusted EBITDA down 56% to $93M; FY net income down 90%
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- Q4 net sales $7.42B (+2% YoY); net loss $68M vs net income $39M a year ago.
- Q4 adjusted EBITDA $93M vs $213M (-56%); adjusted EPS $(0.25) vs $1.27.
- FY2023 net income $24M vs $248M (-90%); adjusted EPS $2.23 vs $4.83.
- Net debt reduced to $1.95B (post-Supervalu low); down $1.40B since 2018.
- CEO expects further headwinds in H1 FY2024; targeting ~$150M in operating margin benefits for full year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1020859/000102085923000039/0001020859-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1020859/000102085923000039/unfi-20230926.htm
  HTML page:      https://secwatch.observer/filing/0001020859-23-000039

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