United Natural Foods (UNFI) Misses Q3 EPS by 11c, Cuts FY EPS Guidance

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Go back to United Natural Foods (UNFI) Misses Q3 EPS by 11c, Cuts FY EPS Guidance

United Natural Foods, Inc. Reports Third Quarter Fiscal 2023 Results

June 7, 2023 7:00 AM EDT

PROVIDENCE, R.I.--(BUSINESS WIRE)-- United Natural Foods, Inc. (NYSE: UNFI) (the Company or UNFI) today reported financial results for 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 share (EPS) decreased 89.1% to $0.12 Adjusted EBITDA decreased 18.9% to $159 million Adjusted EPS... More