United Natural Foods(US:UNFI)2021-12-08 14:22Financial Performance - First quarter sales reached $70 billion, a 47% increase compared to the first quarter of fiscal year 2021[7, 12] - Adjusted EBITDA was $189 million, up 19% year-over-year[7, 12] - Adjusted EPS increased by 902% to $097[7] - Net debt reduction of approximately $250 million occurred in the last 12 months[20] Capital Structure - Secured term loan B-1 balance was $994 million as of Q1 FY22[20] - The company has a $21 billion ABL revolver[20] - Net Debt to Adjusted EBITDA leverage ratio is 32x[20] - Available liquidity was $1112 billion[20] Fiscal 2022 Outlook - Net sales are projected to be between $278 billion and $283 billion, representing approximately 4% growth[26] - Adjusted EBITDA is expected to be in the range of $760 million to $790 million, also indicating around 4% growth[26] - Adjusted EPS is forecasted to be between $390 and $420, reflecting about 4% growth[26] - Net debt reduction is projected to be between $100 million and $150 million[26]