United Natural Foods, Inc. Reports First Quarter Fiscal 2025 Results; Sandy Douglas Comments

The new year is already looking up for this wholesaler. United Natural Food reported financial results for the first quarter of fiscal 2025 (13 weeks), which ended November 2, 2024.

“Our performance this quarter represents a solid start to fiscal 2025 and serves as an early proof point of our recently introduced multi-year strategic plan predicated upon bringing value to our customers and suppliers while enhancing our efficiency, improving free cash flow, and reducing net leverage,” said Sandy Douglas, Chief Executive Officer.

Here are the First Quarter Fiscal 2025 Performance highlights with comparisons to first quarter fiscal 2024:

• Net sales increased 4.2 percent to $7.9 billion
• Net loss of $21 million; Loss per diluted share (EPS) of $(0.35)
• Adjusted EBITDA increased 14.5 percent to $134 million
• Adjusted EPS increased to $0.16

“We’re encouraged by positive volume trends attributable to new business with existing customers and new customer additions. This volume strength primarily reflects successful execution by our customer base, supported by UNFI’s value-added positioning and unique go-to-market strategy,” added Douglas. “We remain focused on operational execution, driving efficiencies, and delivering strengthening service levels to customers and suppliers during the important holiday selling season.”

A press release included a recent financial and operational summary, including:

• Raising full-year outlook for all financial metrics other than capital spending
• Improvement initiatives and lean management routines drove 14.5 percent Adjusted EBITDA growth and $170 million improvement in free cash flow compared to the prior year quarter
• Continuing to execute upon recently announced multi-year strategy

For all the details, click here.

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