UNITED NATURAL FOODS INC — fact timeline

UNITED NATURAL FOODS INC amended term loan of approximately $371 million outstanding term loan with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at reducing the applicable margin over the secured overnight financing rate (SOFR).

“On June 18, 2026, United Natural Foods, Inc. (the “Company”), SUPERVALU INC., UNFI Wholesale, Inc., and UNFI Distribution Company, LLC (the “Co-Borrowers” and, together with the Company, the “Borrowers”), the guarantors party thereto, the certain financial institutions that are parties thereto as lenders, and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (the “Agent”), entered into Amendment No. 5 to the Term Loan Agreement (the “Term Loan Amendment”), amending the Term Loan Agreement dated as of October 22, 2018, as amended from time to time (as further amended, the “Term Loan Agreement”), among the Borrowers, the guarantors party thereto, the lenders from time to time party thereto and the Agent. The Term Loan Amendment, among other changes, reprices the Borrowers’ approximately $371 million outstanding term loan, reducing the applicable margin over the secured overnight financing rate (SOFR) from 4.75% to 4.00%.”

UNITED NATURAL FOODS INC amended Amendment No. 5 to the Term Loan Agreement with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent valued at approximately $371 million (effective 2026-06-18).

“On June 18, 2026, United Natural Foods, Inc. (the “Company”), SUPERVALU INC., UNFI Wholesale, Inc., and UNFI Distribution Company, LLC (the “Co-Borrowers” and, together with the Company, the “Borrowers”), the guarantors party thereto, the certain financial institutions that are parties thereto as lenders, and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (the “Agent”), entered into Amendment No. 5 to the Term Loan Agreement (the “Term Loan Amendment”), amending the Term Loan Agreement dated as of October 22, 2018, as amended from time to time (as further amended, the “Term Loan Agreement”), among the Borrowers, the guarantors party thereto, the lenders from time to time party thereto and the Agent.”

UNITED NATURAL FOODS INC reported third quarter of fiscal 2026 (13 weeks) ended May 2, 2026 results: revenue $7,723, net income $33, EPS $0.52.

“value for our stakeholders.” Third Quarter Fiscal 2026 Summary 13-Week Period Ended Percent Change ($ in millions, except for per share data) May 2, 2026 May 3, 2025 Net sales $ 7,723 $ 8,059 (4.2) % Natural $ 4,342 $ 4,160 4.4 % Conventional $ 3,136 $ 3,628 (13.6) % Retail $ 515 $ 573 (10.1) % Eliminations $ (270) $ (302) 10.6 % Net income (loss) $ 33 $ (7)”

UNITED NATURAL FOODS INC amended revolving credit of up to $2,400 million with Wells Fargo Bank, N.A. at Base Rate plus either (x) 0.125% ... or (y) 0.375% maturing April 1, 2031.

“ABL Lenders, and the other parties thereto, which provides for a secured asset-based revolving credit facility (the “Amended and Restated ABL Credit Facility”), of which up to $2,400 million is available to the Borrowers, including a U.S. Dollar equivalent of $100 million sublimit for borrowings in Canadian dollars, and a First In, Last Out (“FILO”) tranche of”

UNITED NATURAL FOODS INC entered into Amended and Restated ABL Loan Agreement with Wells Fargo Bank, N.A. valued at up to $2,400 million (effective 2026-04-01).

“Effective April 1, 2026, United Natural Foods, Inc. (the “Company”), SUPERVALU INC., UNFI Wholesale, Inc., and UNFI Distribution Company, LLC (collectively, the “U.S. Borrowers”) and UNFI Canada, Inc. (the “Canadian Borrower” and, together with the U.S. Borrowers, the “Borrowers”), entered into an amended and restated loan agreement (the “Amended and Restated ABL Loan Agreement”), by and among the Borrowers, the financial institutions that are parties thereto as lenders (collectively, the “ABL Lenders”), Wells Fargo Bank, N.A. as administrative agent for the ABL Lenders, and the other parties thereto, which provides for a secured asset-based revolving credit facility (the “Amended and Restated ABL Credit Facility”), of which up to $2,400 million is available to the Borrowers”

UNITED NATURAL FOODS INC reported second quarter of fiscal 2026 (13 weeks) ended January 31, 2026 results: revenue $7.9 billion, net income $20 million, EPS $0.31.

“United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today r eported financial results for the second quarter of fiscal 2026 (13 weeks) ended January 31, 2026. Second Quarter Fiscal 2026 Performance (comparisons to second quarter fiscal 2025) • Net sales decreased 2.6% to $7.9 billion, including a nearly 500 basis point impact from optimization actions • Net income of $20 million; Net income per diluted share (EPS) of $0.31 • Adjusted EBITDA (1) increased 23.4% to $179 million • Adjusted EPS (1) increased to $0.62 • Net cash provided by operating activities was $283 million; Free cash flow (1) was $243 million”

UNITED NATURAL FOODS INC disclosed a cybersecurity incident: Unauthorized activity on certain information technology systems. Impact: Reduced sales volume and increased operational costs; reasonably likely to have a material impact on net income/(loss) and adjusted EBITDA for Q4 FY2025. Company determined it material. Discovered 2025-06-05.

“Based on the information currently available to the Company, management believes that the incident is reasonably likely to have a material impact on the Company’s net income/(loss) and adjusted EBITDA for the fourth fiscal quarter of 2025 compared to its internal projections prior to the incident”

Denise M. Clark departed as director at UNITED NATURAL FOODS INC.

“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 departed as Chief Operating Officer at UNITED NATURAL FOODS INC.

“Erin Horvath will no longer serve as the Company’s Chief Operating Officer.”

UNITED NATURAL FOODS INC incurred term loan of $130 million with Wells Fargo Bank, National Association at SOFR plus 2.50% per annum.

“The ABL Amendment provides for (i) the creation of a FILO tranche of $130 million with an Applicable Margin (as defined in the ABL Loan Agreement) rate equal to SOFR plus 2.50% per annum”

UNITED NATURAL FOODS INC amended term loan of $500 million with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at 4.75% over SOFR maturing May 1, 2031.

“The Term Loan Amendment provides for (i) the reduction of the principal amount of the facility to $500 million, (ii) the extension of the maturity to May 1, 2031”

UNITED NATURAL FOODS INC amended Amendment No. 1 to the ABL Loan Agreement with Wells Fargo Bank, National Association valued at $130 million (effective 2024-05-01).

“On May 1, 2024, the Company entered into Amendment No. 1 (the “ABL Amendment”) to the loan agreement dated June 3, 2022, by and among the Company, UNFI Canada, Inc., the financial institutions that are parties thereto as lenders, Wells Fargo Bank, National Association and the other parties thereto (the “ABL Loan Agreement”) to execute on a First In, Last Out (“FILO”) tranche of incremental loans under the ABL Loan Agreement.”

UNITED NATURAL FOODS INC amended Amendment No. 4 to the Term Loan Agreement with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent valued at $500 million (effective 2024-05-01).

“On May 1, 2024, United Natural Foods, Inc. (the “Company”), SUPERVALU INC., UNFI Wholesale, Inc., and UNFI Distribution Company, LLC (the “Co-Borrowers” and, together with the Company, the “Borrowers”), the guarantors party thereto, the certain financial institutions that are parties thereto as lenders, and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (the “Agent”), entered into Amendment No. 4 to the Term Loan Agreement (the “Term Loan Amendment”), amending the Term Loan Agreement dated as of October 22, 2018, as amended from time to time (as further amended, the “Term Loan Agreement”), among the Borrowers, the guarantors party thereto, the lenders from time to time party thereto and the Agent.”

John W. Howard departed as Chief Financial Officer at UNITED NATURAL FOODS INC.

“In connection with the appointment of Mr. Tarditi, John W. Howard will no”

Giorgio Matteo Tarditi was appointed as President and Chief Financial Officer at UNITED NATURAL FOODS INC.

“appointed Giorgio Matteo Tarditi, 51, to the role of President and Chief Financial Officer, effective April 15, 2024”

UNITED NATURAL FOODS INC reported the second fiscal quarter ended January 27, 2024 results: revenue $7,775, net income Net loss of $15 million, EPS $(0.25).

“value creation.” Second Quarter Fiscal 2024 Summary 13-Week Period Ended Percent Change ($ in millions, except for per share data) January 27, 2024 January 28, 2023 Net sales $ 7,775 $ 7,816 (0.5) % Chains $ 3,266 $ 3,322 (1.7) % Independent retailers $ 1,907 $ 1,980 (3.7) % Supernatural $ 1,751 $ 1,659 5.5 % Retail $ 631 $ 660 (4.4) % Other $ 615 $ 609 1.0 %”

UNITED NATURAL FOODS INC shareholders approved Approval of Third Amended and Restated 2020 Equity Incentive Plan.

“The stockholders approved the Third Amended and Restated 2020 Equity Incentive Plan.”

UNITED NATURAL FOODS INC shareholders approved Advisory vote on frequency of future say-on-pay votes.

“The stockholders approved, on an advisory basis, One Year with regards to the frequency of future advisory approvals of the Company’s executive compensation (“Say-on-Pay”).”

UNITED NATURAL FOODS INC shareholders approved Advisory approval of executive compensation.

“The stockholders approved, on an advisory basis, the Company’s executive compensation.”

UNITED NATURAL FOODS INC shareholders approved Ratification of selection of KPMG LLP as independent registered public accounting firm at the 2024-08-03 meeting.

“The stockholders approved the ratification of the selection of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending August 3, 2024.”

UNITED NATURAL FOODS INC shareholders approved Election of Directors.

“The stockholders elected Lynn S. Blake, Gloria R. Boyland, Denise M. Clark, J. Alexander Miller Douglas, Daphne J. Dufresne, Michael S. Funk, James M. Loree, Shamim Mohammad, James L. Muehlbauer, James C. Pappas and Jack Stahl to serve as Directors until the next annual meeting of stockholders and until their successors are duly elected and qualified.”

UNITED NATURAL FOODS INC reported first fiscal quarter ended October 28, 2023 results: revenue $7,552, net income $(39) million, EPS $(0.67). Guidance reaffirmed.

“as possible.” First Quarter Fiscal 2024 Summary 13-Week Period Ended Percent Change ($ in millions, except for per share data) October 28, 2023 October 29, 2022 Net sales $ 7,552 $ 7,532 0.3 % Chains $ 3,184 $ 3,224 (1.2) % Independent retailers $ 1,899 $ 1,947 (2.5) % Supernatural $ 1,612 $ 1,513 6.5 % Retail $ 606 $ 613 (1.1) % Other $ 646 $ 635 1.7 %”

J. Alexander Miller Douglas changed role as Chief Executive Officer and President at UNITED NATURAL FOODS INC.

“Effective on the Effective Date, J. Alexander Miller Douglas, the Company’s Chief Executive Officer, will assume the title Chief Executive Officer and President.”

Christopher Testa departed as President, Services and Company President at UNITED NATURAL FOODS INC.

“Christopher Testa will no longer serve as the Company’s President, Services and Company President, effective October 13, 2023”

UNITED NATURAL FOODS INC entered into Cooperation Agreement with JCP Investment Partnership, LP, JCP Investment Partners, LP, JCP Investment Holdings, LLC, JCP Investment Management, LLC, and James C. Pappas (effective 2023-09-25).

“On September 25, 2023, United Natural Foods, Inc., a Delaware corporation (the “ Company ”), entered into a cooperation agreement (the “ Cooperation Agreement ”) with JCP Investment Partnership, LP, a Texas limited partnership, JCP Investment Partners, LP, a Texas limited partnership, JCP Investment Holdings, LLC, a Texas limited liability company, JCP Investment Management, LLC, a Texas limited liability company, and James C. Pappas (collectively, “ JCP ”).”

James C. Pappas was appointed as Director at UNITED NATURAL FOODS INC.

“The New Directors were appointed to the Board, effective September 28, 2023.”

James Loree was appointed as Director at UNITED NATURAL FOODS INC.

“The New Directors were appointed to the Board, effective September 28, 2023.”

Lynn Blake was appointed as Director at UNITED NATURAL FOODS INC.

“The New Directors were appointed to the Board, effective September 28, 2023.”

UNITED NATURAL FOODS INC reported third quarter of fiscal 2023 (13 weeks) ended April 29, 2023 results: revenue $7.5 billion, net income $7 million, EPS $0.12. Guidance lowered.

“the third quarter of fiscal 2023 (13 weeks) ended April 29, 2023. Third Quarter Fiscal 2023 Highlights (comparisons to third quarter fiscal 2022) • Net sales increased 3.7% to $7.5 billion • Gross profit decreased $12 million, or 1.2%, to $1.0 billion; prior to LIFO charge, gross profit declined 4.7% • Net income decreased 89.6% to $7 million; Earnings per diluted”

Michael C. Stigers resigned as Chief Executive Officer, UNFI Retail at UNITED NATURAL FOODS INC.

“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.”

Erin Horvath was appointed as Chief Operating Officer at UNITED NATURAL FOODS INC.

“On March 20, 2023, United Natural Food, Inc.’s (the “Company”) Board of Directors appointed Erin Horvath to the role of Chief Operating Officer.”

UNITED NATURAL FOODS INC reported the second quarter of fiscal 2023 (13 weeks) ended January 28, 2023 results: revenue $7,816, net income $19, EPS $0.31. Guidance lowered.

“to shareholder returns,” Mr. Douglas concluded. 13-Week Period Ended Percent Change ($ in millions, except for per share data) January 28, 2023 January 29, 2022 Net sales $ 7,816 $ 7,416 5.4 % Chains $ 3,322 $ 3,243 2.4 % Independent retailers $ 1,980 $ 1,905 3.9 % Supernatural $ 1,659 $ 1,453 14.2 % Retail $ 660 $ 643 2.6 % Other $ 609 $ 581 4.8 %”

UNITED NATURAL FOODS INC shareholders rejected Approval of Second Amended and Restated 2020 Equity Incentive Plan at the 2023-01-10 meeting.

“(4) The stockholders did not approve the Second Amended and Restated 2020 Equity Incentive Plan. For Against Abstain Broker Non-Votes 24,092,915 24,833,655 144,095 5,324,126”

UNITED NATURAL FOODS INC shareholders approved Advisory approval of executive compensation at the 2023-01-10 meeting.

“(3) The stockholders approved, on an advisory basis, the Company’s executive compensation. For Against Abstain Broker Non-Votes 47,688,931 1,114,790 266,944 5,324,126”

UNITED NATURAL FOODS INC shareholders approved Ratification of appointment of KPMG LLP as independent registered public accounting firm for fiscal year ending July 29, 2023 at the 2023-01-10 meeting.

“(2) The stockholders approved the ratification of the selection of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending July 29, 2023. For Against Abstain Broker Non-Votes 49,507,095 4,819,521 68,175 -”

UNITED NATURAL FOODS INC shareholders approved Election of Directors at the 2023-01-10 meeting.

“(1) The stockholders elected Eric F. Artz, Ann Torre Bates, Gloria R. Boyland, Denise M. Clark, J. Alexander Miller Douglas, Daphne J. Dufresne, Michael S. Funk, Shamim Mohammad, James L. Muehlbauer, Peter A. Roy and Jack Stahl to serve as Directors until the next annual meeting of stockholders and until their successors are duly elected and qualified. Name For Against Abstain Broker Non-Votes Eric F. Artz 48,063,385 987,735 19,545 5,324,126 Ann Torre Bates 47,789,507 1,259,033 22,125 5,324,126 Gloria R. Boyland 47,928,903 1,122,005 19,757 5,324,126 Denise M. Clark 47,703,111 1,347,726 19,828 5,324,126 J. Alexander Miller Douglas 48,889,801 159,761 21,103 5,324,126 Daphne J. Dufresne 48,709,419 340,854 20,392 5,324,126 Michael S. Funk 48,442,469 606,645 21,551 5,324,126 Shamim Mohammad 48,728,676 315,623 26,366 5,324,126 James L. Muehlbauer 48,587,279 453,987 29,399 5,324,126 Peter A. Roy 47,084,674 1,965,206 20,785 5,324,126 Jack Stahl 48,533,414 506,607 30,644 5,324,126”

UNITED NATURAL FOODS INC reported first quarter of fiscal 2023 ended October 29, 2022 results: revenue $7.5 billion, net income $66 million, EPS $1.07. Guidance reaffirmed.

“the first quarter of fiscal 2023 (13 weeks) ended October 29, 2022. First Quarter Fiscal 2023 Highlights (comparisons to first quarter fiscal 2022) • Net sales increased 7.6% to $7.5 billion, primarily driven by inflation and new business • Gross profit increased $54 million, or 5.2%, to nearly $1.1 billion; prior to LIFO, gross profit increased 6.1% • Net income”

Eric A. Dorne departed as other_named_officer at UNITED NATURAL FOODS INC.

“Mr. Dorne has announced his intention to retire effective October 29, 2022.”

Eric Dorne departed as Chief Operating Officer at UNITED NATURAL FOODS INC.

“On May 11, 2022, Eric Dorne informed United Naturals Foods, Inc. (the “Company”) that he intends to retire from his position as Chief Operating Officer of the Company, effective October 29, 2022.”

Shamim Mohammad was elected as Director at UNITED NATURAL FOODS INC.

“On February 3, 2022, the Board of Directors of United Natural Foods, Inc. (the “Company”) elected Shamim Mohammad as a director, effective immediately.”

Jill E. Sutton resigned as Chief Legal Officer, General Counsel, and Secretary at UNITED NATURAL FOODS INC.

“Ms. Sutton and the Company have mutually agreed that Ms. Sutton would no longer serve as the Company’s Chief Legal Officer, General Counsel, and Secretary.”

J. Alexander Miller Douglas was appointed as Chief Executive Officer at UNITED NATURAL FOODS INC.

“the Board appointed J. Alexander Miller Douglas, 60, to the role of Chief Executive Officer and a member of the Board, effective August 9, 2021.”

Steven L. Spinner resigned as Chief Executive Officer at UNITED NATURAL FOODS INC.

“Mr. Spinner’s resignation as CEO will be effective, and he will resign as Chair and a member of the Board.”