secwatch.observer — SEC 8-K summary
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Issuer:     UNITED NATURAL FOODS INC (UNFI)
CIK:        0001020859
Form:       8-K
Filed at:   2024-06-05T23:59:59+00:00
Accession:  0001020859-24-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UNFI reports Q3 net loss of $21M; adjusted EPS $0.10, down 81.5% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1020859/000102085924000025/0001020859-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1020859/000102085924000025/unfi-20240605.htm
  HTML page:      https://secwatch.observer/filing/0001020859-24-000025

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