earnings
confidence high
sentiment negative
materiality 0.75
UNFI Q2 fiscal 2024 net loss $15M, adjusted EBITDA down 29.3%; fiscal 2024 outlook revised lower
UNITED NATURAL FOODS INC
2024-Q2 EPS reported
-$0.92
revenue$15,327,000,000
- Net sales $7.775B, down 0.5% YoY; Supernatural segment up 5.5%, independent retailers down 3.7%.
- Net loss of $15M vs net income of $19M a year ago; diluted EPS $(0.25) vs $0.31.
- Adjusted EBITDA $128M, down 29.3% from $181M; adjusted EPS $0.07 vs $0.78.
- Revising fiscal 2024 outlook: lowering net sales expectations; narrowing ranges for net income, EPS, adjusted EBITDA.
- Progress on shrink reduction and automation; Centralia, WA system to go live this spring.