United Natural Foods (UNFI) plunges after earnings guidance misses by wide margin
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United Natural Foods, Inc. Reports Fourth Quarter and Full Year Fiscal 2023 Results
September 26, 2023 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 29, 2023.
Fourth Quarter Fiscal 2023 Performance
Net sales increased 2.0% to $7.4 billion Net loss of $68 million; Loss per diluted share (EPS) of $(1.15) Adjusted EBITDA decreased 56.3% to $93 million Adjusted EPS decreased to $(0.25)Recent Financial and Operational Summary
Fiscal 2023 sales in-line with most... MoreUnited Natural Foods Announces the Appointment of New Independent Directors as Part of its Transformation Plan to Drive Shareholder Value Creation
September 26, 2023 6:55 AM EDTAnnounces acceleration and expansion of customer and supplier focused multi-year Transformation Plan
Adds Lynn Blake, James Loree and James C. Pappas to the Board
The Board will oversee a financial review to enhance the Companys performance and drive shareholder value creation
Enters Cooperation Agreement with JCP Investment Management, LLC (JCP)
PROVIDENCE, R.I.--(BUSINESS WIRE)-- United Natural Foods, Inc. (NYSE: UNFI) (the Company or UNFI) today announced the addition of three new members... More
