United Natural Foods, Inc. Earnings Report

PROVIDENCE, R.I. – United Natural Foods, Inc. (NYSE: UNFI) reported fourth quarter earnings that exceeded analyst expectations while providing mixed guidance for fiscal year 2025. UNFI shares remained flat in Tuesday’s premarket session after the report.

The grocery wholesaler posted adjusted earnings per share of $0.01 for the 14-week fourth quarter, surpassing the analyst estimate of a $0.08 loss per share. Revenue reached $8.16 billion, above the consensus forecast of $7.94 billion and up 10% YoY. On a comparable 13-week basis, sales increased 2.1%.

“We delivered fourth quarter results that drove fiscal 2024 performance to the upper end of our previously provided outlook,” said Sandy Douglas, UNFI’s Chief Executive Officer.

For fiscal year 2025, UNFI anticipates earnings per share between $0.20 and $0.80, compared to the $0.57 analyst consensus. The company projects revenue of $30.3-30.8 billion, slightly below analysts’ $30.89 billion estimate.

Adjusted EBITDA for Q4 rose 53.8% to $143 million, boosted by an approximate $10 million benefit from the additional week. The company’s net debt decreased sequentially to $2.06 billion at year-end from $2.13 billion at the end of the third quarter.

UNFI is advancing its network optimization by consolidating distribution centers and initiating a three-year business plan aimed at enhancing customer and supplier value, margin expansion, free cash flow generation, and deleveraging.

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