United Natural Foods (UNFI) Announces $200M Share Buyback, Reports Q4
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United Natural Foods, Inc. Reports Fourth Quarter and Full Year Fiscal 2022 Results, Announces New $200 Million Share Repurchase Authorization
September 27, 2022 7:00 AM EDTPROVIDENCE, R.I.--(BUSINESS WIRE)-- United Natural Foods, Inc. (NYSE: UNFI) (the Company or UNFI) today reported financial results for the fourth quarter (13 weeks) and fiscal year (52 weeks) ended July 30, 2022.
Fiscal 2022 Full Year Highlights
Net sales increased 7.3% to $28.9 billion Net income increased 66.4% to $248 million; Earnings per diluted share (EPS) increased 64.1% to $4.07 Adjusted EBITDA increased 7.7% to $829 million Adjusted EPS increased 15.6% to $4.83 Net debt reduction of $174 million; adjusted EBITDA leverage ratio finished year under 2.6xFourth Quarter... More
