Customer Dependency and Sales - The largest customer accounted for approximately 23% of the company's net sales in fiscal 2024, highlighting the dependency on principal customers for revenue [61] - Sales to one customer in the Wholesale segment accounted for approximately 23% of the Company's net sales for fiscal 2024, 22% for fiscal 2023, and 20% for fiscal 2022 [347] Industry Challenges - The grocery industry is characterized by low profit margins, and increased competition may negatively impact sales and gross margin dollars [63] - Increased competition from mass market distributors and online retailers may pressure the company's market share and pricing strategies [65] - The grocery industry consolidation may lead to pricing pressure and reduced gross margins due to volume discount agreements with larger customers [66] Cost and Profitability Issues - The company has experienced volatile food costs, which directly affect profitability, with inflation impacting margins and consumer spending trends [68] - Increased operational costs and potential losses from underfunded multiemployer pension plans could negatively impact financial condition and cash flows [94] - Operating expenses increased to $4.10 billion from $3.97 billion, reflecting higher costs [272] - The company reported a net loss of $112 million for the fiscal year, contrasting with a net income of $24 million in the previous year [272] Labor and Operational Challenges - Approximately 38% of the company's employees are covered by collective bargaining agreements, which may lead to increased labor costs and operational challenges [79] - The company relies on consistent product supply from manufacturers, and disruptions could hinder its ability to fulfill customer obligations [70] - The company has faced higher operating expenses due to supply chain disruptions during the COVID-19 pandemic, impacting service levels and costs [72] Financial Performance and Debt - Net sales for the fiscal year ended August 3, 2024, were $30.98 billion, an increase of 2.3% from $30.27 billion in the previous year [272] - Total liabilities rose to $5.89 billion, up from $5.65 billion in the previous year [270] - As of August 3, 2024, the company had approximately $2.1 billion of long-term debt outstanding, increasing its vulnerability to economic downturns and reducing flexibility in planning [108] Growth Strategy and Challenges - The company's growth strategy relies on effectively executing business strategies, integrating acquisitions, and optimizing operations to achieve anticipated benefits [81] - Future growth may be constrained by the ability to optimize distribution networks and retain customers, which could lead to excess capacity and inefficiencies [82] Regulatory and Compliance Risks - The company is subject to significant governmental regulations, including inspections by the United States Food and Drug Administration and the United States Department of Agriculture, which could adversely affect operations if compliance is not maintained [114] - The company must comply with various environmental regulations, which may require capital expenditures and could lead to increased operating expenses [116] Technology and Cybersecurity - The company is investing in technology enhancements, including a single warehouse management platform, but may face implementation delays and cost overruns [76] - Cybersecurity risks and potential disruptions to information technology systems could materially affect business operations and financial results [90] Pension and Retirement Obligations - The defined benefit pension obligation at year-end was valued at $1.50 billion, with plan assets totaling $1.53 billion [267] - A 10% unfavorable change in the total value of investments held by the SUPERVALU INC. Retirement Plan would result in an unfavorable change in net periodic pension income for fiscal 2025 of $2 million [255] Derivative Financial Instruments and Interest Rates - The company has utilized interest rate swap agreements to mitigate exposure to adverse changes in interest rates, effectively converting certain variable rate obligations to fixed rate [250] - The company utilizes derivative financial instruments to manage exposure to interest rates, fuel costs, and foreign currency exchange rates, with changes in fair value recorded in comprehensive (loss) income [320] Asset Management and Impairment - The company recorded a long-lived asset impairment charge of $43 million in fiscal 2024, compared to $25 million in fiscal 2023 [281] - The company recorded a non-cash asset impairment charge of $21 million in fiscal 2024 related to a corporate-owned office location [359] Shareholder and Stock Management - The Company repurchased approximately 1.9 million shares of its common stock for a total cost of $62 million in fiscal 2023, with $138 million remaining authorized under the 2022 Repurchase Program [317] - The company had a total of 62 million common shares outstanding as of August 3, 2024 [278]

The natural food supplier delivered a better-than-expected earnings report. Shares of United Natural Foods (UNFI 32.43%) were looking fresh today, as the nation's largest wholesaler of organic and natural foods posted better-than-expected results in its fourth-quarter earnings report, including a surprise profit. As of 1:42 p.m. ET, the stock was up 22.1% on the news. United Natural Foods is looking healthy United Natural Foods said revenue in the quarter was up 10% to $8.16 billion, which was better than t ...

United Natural Foods, Inc. (NYSE:UNFI) Q4 2024 Earnings Call Transcript October 1, 2024 8:30 AM ET Company Participants Steve Bloomquist - VP of IR Sandy Douglas - CEO Matteo Tarditi - President and CFO Conference Call Participants John Heinbockel - Guggenheim Leah Jordan - Goldman Sachs Mark Carden - UBS Edward Kelly - Wells Fargo Andrew Wolf - CL King Kelly Bania - BMO Capital Markets Chuck Cerankosky - Northcoast Research Operator Hello, and welcome to the UNFI Fiscal 2024 Q4 Earnings Call. All lines hav ...

UUEI 4th Quarter Fiscal 2024 October 1, 2024 2 Disclaimer Certain information in this presentation and discussed on the conference call which this presentation accompanies constitutes forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this presentation regarding the Company's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties and are based on current expectations and management estima ...

United Natural Foods (UNFI) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.08 per share. This compares to loss of $0.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 112.50%. A quarter ago, it was expected that this organic and specialty foods distributor would post earnings of $0.10 per share when it actually produced earnings of $0.10, delivering no surprise. Over ...

Exhibit 99.1 Fourth Quarter Ended Fiscal Year Ended (1) (1) UNITED NATURAL FOODS, INC. REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2024 RESULTS Providence, RI - October 1, 2024 -- United Natural Foods, Inc. (NYSE: UNFI) (the "Company" or "UNFI") today reported financial results for the fourth quarter (14 weeks) and fiscal year (53 weeks) ended August 3, 2024. Fourth Quarter Fiscal 2024 Performance (comparisons to fourth quarter fiscal 2023) • Net sales increased 10.0% to $8.2 billion; grew 2.1% on a compara ...

United Natural Foods, Inc. (UNFI) is likely to register top- and bottom-line growth when it reports fourthquarter fiscal 2024 earnings on Oct. 1. The Zacks Consensus Estimate for revenues is pegged at $7.9 billion, suggesting an increase of 6.2% from the prior-year quarter's reported figure. The consensus mark for UNFI's fiscal 2024 revenues is pegged at $30.7 billion, indicating a 1.4% increase from the year-ago period's figure. The Zacks Consensus Estimate for the bottom line has remained unchanged in the ...

United Natural Foods Inc. (UNFI) is undergoing a major transformation aimed at improving its margins and cash flow. The company's strategic initiatives include optimizing its network, reducing capital expenditures, cutting costs and lowering net working capital. By focusing on these areas, UNFI aims to build on the $150 million in expense efficiencies already achieved. This transformation is designed to enhance operational efficiency and long-term value for stakeholders. UNFI's Strategic Investments and Ope ...

United Natural Foods (UNFI) shares ended the last trading session 7.1% higher at $16.20. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 12.7% gain over the past four weeks. United Natural is reaping the rewards of its transformation efforts. The company is advancing its margin improvement and cash flow generation through strategic initiatives focused on four key areas: enhancing network optimization, reducing annu ...

jchizhe/iStock via Getty Images I believe that United Natural Foods, Inc. (NYSE:UNFI) is a Strong Buy due to multiple factors converging together to create a runway for UNFI to take off. Right now, relatively small improvements to the company's revenues or capital expenditures would be enough to significantly improve the upside of the company's cash flow potential. Resulting from a Pre-COVID acquisition of a company called SUPERVALU, UNFI currently has multiple distribution centers that overlap the company' ...