UNFI Q1 FY2024 net loss $39M; Adj EBITDA down 43.5% to $117M; reaffirms FY outlook

UNITED NATURAL FOODS INC

2024-Q1 EPS reported -$0.67 revenue$7,552,000,000

Net sales $7.552B (+0.3% YoY); net loss $39M vs net income $66M; diluted EPS ($0.67) vs $1.07.
Adjusted EBITDA $117M (-43.5%); Adjusted EPS ($0.04) vs $1.13.
Affirmed FY2024 outlook for sales, Adj EBITDA, Adj EPS, capex; updated net loss/EPS for asset charge and gain on sale.
Delivered $150M value creation initiatives earlier than projected; improved shrink, consolidated Logan Township into Allentown, expanded Carlisle automation.
CEO: Q1 performance exceeded expectations; savings offset lower procurement gains from lower inflation.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNITED NATURAL FOODS INC reported first fiscal quarter ended October 28, 2023 results: revenue $7,552, net income $(39) million, EPS $(0.67). Guidance reaffirmed.

Period: first fiscal quarter ended October 28, 2023
Revenue: $7,552
Net income: $(39) million
EPS: $(0.67)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

as possible.” First Quarter Fiscal 2024 Summary 13-Week Period Ended Percent Change ($ in millions, except for per share data) October 28, 2023 October 29, 2022 Net sales $ 7,552 $ 7,532 0.3 % Chains $ 3,184 $ 3,224 (1.2) % Independent retailers $ 1,899 $ 1,947 (2.5) % Supernatural $ 1,612 $ 1,513 6.5 % Retail $ 606 $ 613 (1.1) % Other $ 646 $ 635 1.7 %

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Source: SEC EDGAR

accession 0001020859-23-000113

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