other material
confidence high
sentiment negative
materiality 0.70
UNFI revises FY2025 outlook lower; cyber incident to reduce sales by $350-400M
UNITED NATURAL FOODS INC
- First three quarters: net sales +5.5% YoY, adjusted EBITDA +16%, operating cash flow $310M.
- Cyber incident estimated to cut FY2025 net sales $350-400M, net loss $50-60M, adjusted EBITDA $40-50M.
- Updated FY2025 guidance: net sales $31.6-31.8B; net loss $(115)-$(90)M; adjusted EPS $0.40-$0.80.
- Expects net leverage to ~2.5x by FY2026 year-end, about one year ahead of original target.
- Insurance proceeds anticipated to cover cyber incident, not reflected in current guidance.