Core Insights - United Natural Foods Inc. (UNFI) reported fiscal fourth-quarter 2025 results that exceeded analyst expectations despite a decline in year-over-year sales [1][3] - The company faced significant challenges due to a cyber incident in June 2025, which impacted net sales and adjusted EBITDA [2] Financial Performance - Net sales for the fourth quarter reached $7.70 billion, surpassing Wall Street's estimate of $7.64 billion, but down 5.6% from $8.16 billion a year earlier [1] - The adjusted net loss was 11 cents per share, better than the expected 19-cent loss, compared to an adjusted earnings of 1 cent per share in the prior year [3] - Adjusted EBITDA for the fourth quarter was $116 million, down from $143 million in the previous year [5] Segment Performance - The natural segment experienced strong growth of 9.1%, contributing an additional $335 million in year-over-year sales [3] - The conventional segment declined by 6.1%, resulting in a decrease of $223 million, while the retail segment saw a modest decline of 1.7%, totaling $10 million [4] Cyber Incident Impact - The cyber incident is estimated to have caused a reduction of approximately $400 million in net sales and around $50 million in adjusted EBITDA [2] - After adjusting for the extra week in fiscal 2024 and the estimated 5% impact from the cyber incident, the company achieved underlying sales growth of 1.6% [4] Financial Position - On a GAAP basis, the company reported a wider net loss of $1.43 per share, compared to a loss of 63 cents in the prior year [5] - The net leverage ratio improved from 4.0x at the end of fiscal 2024 to 3.3x by the end of fiscal 2025, indicating progress toward deleveraging goals [5] - Cash and cash equivalents stood at $44 million at the end of the fourth quarter of fiscal 2025 [6] Future Outlook - For fiscal year 2026, the company expects net sales to be in the range of $31.6 billion to $32 billion, slightly below the estimated $32.31 billion [7]