secwatch.observer — SEC 8-K summary
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Issuer:     UNITED NATURAL FOODS INC (UNFI)
CIK:        0001020859
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001020859-23-000113
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1020859/000102085923000113/0001020859-23-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1020859/000102085923000113/unfi-20231206.htm
  HTML page:      https://secwatch.observer/filing/0001020859-23-000113

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