Highest-materiality recent filing
UNFI appoints new CFO, promotes Tarditi to COO, Martin to CCO; Bushway to depart
Alfredo Luchini appointed CFO effective Aug 10, 2026; previously VP & CFO of Carrier Climate Solutions Americas.
UNFI reprices $371M term loan, cutting margin by 75 bps to SOFR+4.00%
Entered into Amendment No. 5 to Term Loan Agreement on June 18, 2026.
UNFI Q3: net income $33M vs loss; Adj EBITDA +16.6%; narrows FY ranges
Net sales $7.7B, down 4.2% YoY; includes ~450 bps impact from optimization actions.
UNFI amends ABL credit facility to $2.4B, extends maturity to April 2031
New $2.4B ABL facility replaces existing $2.6B facility; includes $130M FILO tranche.
UNFI Q2 FY2026: Adj EBITDA +23% to $179M; raises profitability outlook
Net sales $7.95B (-2.6% YoY, -500bp from optimization); net income $20M vs loss year ago; Adj EPS $0.62 vs $0.22.
UNFI shareholders approve equity plan increase; company to resume share repurchases up to $138M
Shareholders approved 5th Amended 2020 Equity Incentive Plan, adding 1.5M shares.
UNFI sets FY2028 net sales target of ~$33B and Adj. EBITDA target of ~$800M at Investor Day
Net sales target of ~$33B for fiscal 2028, low-single digit average annual growth.
UNFI Q1 FY2026: net sales $7.84B (-0.4% YoY); net loss $4M; adjusted EPS $0.56 vs $0.16 YoY
Net sales $7.840B (-0.4%); Natural +10.5% to $4.24B, Conventional -11.7% to $3.33B, Retail -5.5% to $554M.
UNFI publishes 2025 Impact Report detailing sustainability efforts
Report covers UNFI's sustainability initiatives along its value chain for fiscal year 2025.
UNFI Q4 net sales $7.7B, net loss $87M; FY2025 adj. EPS $0.71, FCF $239M; FY2026 outlook strong
Q4 net sales $7.7B (+1.6% comp); net loss $87M; adjusted EPS $(0.11) vs $0.01 prior.
UNFI restructures segment reporting into Natural, Conventional, Retail segments
New reportable segments: Natural, Conventional, Retail; Corporate/Other includes eliminations.
Andre Persaud steps down as President and CEO, Retail at UNFI effective July 25, 2025
Andre Persaud to leave role as President and CEO, Retail on July 25, 2025.
UNFI revises FY2025 outlook lower; cyber incident to reduce sales by $350-400M
First three quarters: net sales +5.5% YoY, adjusted EBITDA +16%, operating cash flow $310M.
UNFI says cyber incident contained; expects material Q4 impact on net income/EBITDA
Incident discovered June 5, 2025; systems restored, operations normalizing; no breach of personal/PHI.
UNFI and Key Food mutually terminate Northeast supply agreement; Allentown DC to close
Mutual termination of Northeast Supply Agreement with Key Food Stores Co-Operative, Inc., effective September 20, 2025.
UNFI Q3 net sales up 7.5% to $8.1B; Adjusted EBITDA +20.8% to $157M
Net loss $(7)M, loss per share $(0.12); Adjusted EPS $0.44 vs $0.10 a year ago.
UNFI discloses cyber incident; takes systems offline, disrupts order fulfillment
Discovered unauthorized IT activity on June 5, 2025; activated incident response and containment measures.
UNFI Q2 net sales up 4.9% to $8.2B; adjusted EBITDA +13.3%; raises FY25 outlook
Net sales $8.2B (+4.9% YoY); net loss narrowed to $(3)M from $(15)M; adjusted EPS $0.22 vs $0.07.
UNFI to report revenue in Natural, Conventional, Retail categories starting Q2 FY2025
Historical revenue for FY2022-2024 and Q1 FY2025 recast into three categories on investor website.
UNFI posts FY2024 sustainability report with no material financial disclosures
Report covers sustainability efforts across value chain for fiscal year 2024.
UNFI shareholders approve 1.2M share increase under 2020 Equity Incentive Plan
Fourth Amended 2020 Equity Incentive Plan approved, increasing authorized shares by 1,200,000 and adding retirement vesting release conditions.
UNFI Q1 net sales up 4.2% to $7.9B; Adjusted EBITDA +14.5%; raises full-year outlook
Net loss of $21M narrowed from $39M; diluted EPS $(0.35) improved from $(0.67); adjusted EPS $0.16 vs $(0.04).
UNFI posts new investor presentation on its website for meetings
Presentation titled 'Introduction to UNFI and the Grocery Wholesale Distribution Business' made available.
UNFI Q4 net loss $37M; adj EBITDA $143M; adj EPS $0.01; full year adj EPS $0.14
Net sales $8.155B (+10% YoY); comparable 13-week basis +2.1%. Chains +9%, Independent +4.5%, Supernatural +18.6%.
UNFI director Denise Clark to depart; board size reduced from 11 to 10
Denise M. Clark will not seek reelection at the upcoming annual meeting, effective after meeting.
UNFI reports Q3 net loss of $21M; adjusted EPS $0.10, down 81.5% YoY
Net sales of $7.5B (-0.1% YoY); net loss of $21M vs year-ago net income of $7M.
UNFI eliminates COO role; Erin Horvath to depart on June 14, 2024
Company eliminates COO position to simplify structure, remove layers, and accelerate results.
UNFI extends Whole Foods distribution agreement through 2032, replacing 2027 expiry
Distribution agreement now runs until May 2032, an eight-year extension from the prior September 2027 termination.
UNFI reduces term loan to $500M, extends maturity to 2031, adds $130M FILO tranche
Term loan principal reduced to $500M, maturity extended to May 1, 2031 with springing conditions tied to Whole Foods contract and 2028 senior notes.
UNFI Q2 fiscal 2024 net loss $15M, adjusted EBITDA down 29.3%; fiscal 2024 outlook revised lower
Net sales $7.775B, down 0.5% YoY; Supernatural segment up 5.5%, independent retailers down 3.7%.
UNFI names former GE executive Giorgio Matteo Tarditi as President and CFO
Tarditi appointed President and CFO effective April 15, 2024, succeeding John W. Howard.
UNFI shareholders approve equity plan adding 3.7M shares and capping director comp at $800K
Third Amended 2020 Equity Incentive Plan approved: 34.0M for, 12.5M against; adds 3.7M shares.
UNFI Q1 FY2024 net loss $39M; Adj EBITDA down 43.5% to $117M; reaffirms FY outlook
Net sales $7.552B (+0.3% YoY); net loss $39M vs net income $66M; diluted EPS ($0.67) vs $1.07.
UNFI appoints three new directors to board committees
Lynn S. Blake appointed to Audit Committee and Nominating and Governance Committee.
UNFI President Christopher Testa to depart Oct 13; CEO Douglas adds President title
Christopher Testa to step down as President, Services and Company President effective Oct 13, 2023.
UNFI adds three directors, enters cooperation with JCP; Board to lead financial review
Board expands to 14 by adding Lynn Blake, James Loree, and James C. Pappas (JCP founder) effective Sept 28, 2023.
UNFI Q4 net loss $68M; adjusted EBITDA down 56% to $93M; FY net income down 90%
Q4 net sales $7.42B (+2% YoY); net loss $68M vs net income $39M a year ago.
UNFI Q3 net income plunges 89.6% to $7M; cuts FY2023 adjusted EBITDA outlook
Net sales up 3.7% to $7.5B, net income down 89.6% to $7M ($0.12 EPS) vs $1.10 prior year.
UNFI Retail CEO Michael C. Stigers resigns effective May 31, 2023
Michael C. Stigers notified UNFI on March 20, 2023 of his resignation as CEO of UNFI Retail to pursue another professional opportunity.
UNFI appoints Erin Horvath COO and Louis Martin President of Wholesale
Erin Horvath named COO effective March 20, 2023; previously Chief Supply Chain Transformation Officer as of Oct 2022.
UNFI Q2 net income falls 71% to $19M; cuts FY2023 profit outlook, withdraws FY2024 targets
Net sales rose 5.4% to $7.8B, driven by inflation and new business; gross profit down $6M.
UNFI shareholders reject equity incentive plan at annual meeting; directors elected
Shareholders voted against Second Amended and Restated 2020 Equity Incentive Plan: 24.8M against vs 24.1M for.
UNFI Q1 net sales up 7.6% to $7.5B; net income down 13.2%; reaffirms FY guidance
Net sales $7.5B (+7.6% YoY); net income $66M (-13.2%); diluted EPS $1.07 (-14.4%).
UNFI reports FY2022 net sales up 7.3% to $28.9B, net income up 66.4%; announces $200M buyback
Full year net sales $28.9B (+7.3%), net income $248M (+66.4%), diluted EPS $4.07.
UNFI sets FY23 executive comp: base salaries, LTI awards, updated severance agreements
FY23 base salaries: Douglas $1.05M, Howard $722,250, Testa $810K, Dorne $787.5K (retiring Oct 29).
UNFI Q3 net sales up 9.2% to $7.2B; EPS $1.10 beats prior year; raises full-year outlook
Net sales $7.24B (+9.2% YoY); net income $67M (+39.6%).
Shamim Mohammad appointed to UNFI Audit Committee
Shamim Mohammad appointed to UNFI's Audit Committee effective June 2, 2022.
UNFI COO Eric Dorne to retire effective Oct 29, 2022; transition planned
Chief Operating Officer Eric Dorne informed UNFI on May 11, 2022 of his retirement effective October 29, 2022.
UNFI reports Q2 sales up 7.5% to $7.4B; net income up 11.9%; adjusted EPS down 9.6%
Net sales of $7.4B, up 7.5% YoY; two-year stack growth of 14.6%.
UNFI appoints Shamim Mohammad to Board of Directors
Shamim Mohammad elected to UNFI board effective February 3, 2022.
On September 25, 2024, Denise M. Clark, a member of the board of directors (the “Board”) of United Natural Foods, Inc. (the “Company”), notified the Company that she will not seek reelection at the Company’s upcoming annual meeting of stockholders (the “Annual Meeting”).
Erin Horvath will no longer serve as the Company’s Chief Operating Officer.
In connection with the appointment of Mr. Tarditi, John W. Howard will no
appointed Giorgio Matteo Tarditi, 51, to the role of President and Chief Financial Officer, effective April 15, 2024
Christopher Testa will no longer serve as the Company’s President, Services and Company President, effective October 13, 2023
Effective on the Effective Date, J. Alexander Miller Douglas, the Company’s Chief Executive Officer, will assume the title Chief Executive Officer and President.
The New Directors were appointed to the Board, effective September 28, 2023.
The New Directors were appointed to the Board, effective September 28, 2023.
The New Directors were appointed to the Board, effective September 28, 2023.
On March 20, 2023, Michael C. Stigers notified United Natural Foods, Inc. (the “Company”) of his intention to resign from his position as Chief Executive Officer, UNFI Retail to pursue another professional opportunity.
On March 20, 2023, United Natural Food, Inc.’s (the “Company”) Board of Directors appointed Erin Horvath to the role of Chief Operating Officer.
Mr. Dorne has announced his intention to retire effective October 29, 2022.
Max materiality 0.80 · Median 0.60 · Most common event earnings