earnings
confidence high
sentiment negative
materiality 0.75
UNFI reports Q3 net loss of $21M; adjusted EPS $0.10, down 81.5% YoY
UNITED NATURAL FOODS INC
2024-Q3 EPS reported
-$1.26
revenue$22,825,000,000
- Net sales of $7.5B (-0.1% YoY); net loss of $21M vs year-ago net income of $7M.
- Adjusted EBITDA fell 18.2% to $130M; adjusted EPS $0.10 vs $0.54 (81.5% decline).
- Extended term loan maturity to May 2031; planning multi-year strategic start FY2025.
- Fiscal 2025 free cash flow target ~$100M; FY2024 guidance revised: raising adj. EBITDA/EPS midpoint.
- CEO cites 3rd consecutive quarter of improving profitability via cost reduction and supply chain efficiencies.