NYSE$UNFI
United Natural Foods Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported third quarter fiscal 2024 results, showing a slight decrease in net sales but improved profitability through cost management.
UNFI reported a slight decrease in net sales but improved profitability driven by cost reduction actions and supply chain efficiencies. The company is finalizing a multi-year strategic plan expected to generate free cash flow approaching $100 million in fiscal 2025.
- Net sales decreased slightly by 0.1% to $7.5 billion.
- Net loss was $21 million, with a loss per diluted share of $(0.34).
- Adjusted EBITDA decreased by 18.2% to $130 million.
- Adjusted EPS decreased to $0.10.
Headline financials
Revenue & EPS history
UNFI · Revenue · Quarterly
$7.5B
Revenue by segment
UNFI · $7.99B total across 3 segments · Q3 2026
- Natural$4.34B—54.3%
- Conventional$3.14B—39.2%
- Retail$515M—6.4%
Forward guidance
The company is updating its full-year outlook which lowers its expectations for net income and EPS primarily due to charges related to cost reduction actions. Adjusted EBITDA and Adjusted EPS, which exclude these amounts, are expected to be higher than the previously provided outlook.
Tailwinds
- Net sales are expected to be between $30.5 billion and $31.0 billion.
- Adjusted EBITDA is expected to be between $490 million and $520 million.
- Adjusted EPS is expected to be between $(0.20) and $0.20.
- Capital and cloud implementation expenditures are expected to be approximately $370 million.
- The 53rd week is expected to add approximately $600 million to Net sales and $9 million to Adjusted EBITDA in the ranges provided.
Headwinds
- Net loss is expected to be between $(109) million and $(85) million.
- EPS is expected to be between $(1.85) and $(1.45).
- Lowered expectations for net income and EPS primarily due to charges related to cost reduction actions.
- Figures presented include the impact of the term loan amendment and extension and ABL loan amendment.
- The outlook is forward-looking and subject to a number of risks outside of management's control.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2024
-2.7%
Avg return
Earnings day
-4.7%
Avg return
5 days after
-3.9%
Avg return
30 days after
37%
25 / 68 earnings
Positive
+34.0%
Q4 2021
Best reaction
-34.5%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -9.9% | -1.8% | — | |
| Q2 2026 | -3.0% | +7.3% | +22.1% | |
| Q1 2026 | +4.8% | -0.7% | -2.0% | |
| Q4 2025 | +18.8% | +27.6% | +20.1% | |
| Q3 2025 | -2.7% | -3.5% | +23.5% | |
| Q2 2025 | -4.9% | +3.5% | -8.1% | |
| Q1 2025 | +13.8% | +15.4% | +16.9% | |
| Q4 2024 | +25.4% | +17.5% | +20.9% | |
| Q3 2024 | +28.0% | +17.8% | +2.2% | |
| Q2 2024 | -19.6% | -19.8% | -29.9% | |
| Q1 2024 | -3.6% | -7.9% | -6.0% | |
| Q4 2023 | -22.4% | -25.3% | -22.8% | |
| Q3 2023 | -20.6% | -23.6% | -28.8% | |
| Q2 2023 | -28.6% | -38.4% | -36.6% | |
| Q1 2023 | -15.5% | -13.4% | -13.9% | |
| Q4 2022 | -6.3% | -10.6% | +6.9% | |
| Q3 2022 | -1.2% | -6.8% | -12.3% | |
| Q2 2022 | -9.7% | -9.3% | +6.7% | |
| Q1 2022 | +10.2% | +3.9% | -2.8% | |
| Q4 2021 | +34.0% | +29.4% | +12.9% | |
| Q3 2021 | -14.5% | -9.2% | -10.7% | |
| Q2 2021 | +28.6% | +20.5% | +15.7% | |
| Q1 2021 | -9.5% | -20.5% | -11.8% | |
| Q4 2020 | -8.1% | -11.1% | -14.6% | |
| Q3 2020 | -34.5% | -26.6% | -13.9% | |
| Q2 2020 | -19.9% | +9.0% | +47.3% | |
| Q1 2020 | -26.7% | -27.6% | -14.1% | |
| Q4 2019 | -29.1% | -35.3% | -34.9% | |
| Q3 2019 | -4.1% | +0.6% | -8.0% | |
| Q2 2019 | -9.3% | -6.5% | -12.4% | |
| Q1 2019 | -26.8% | -34.6% | -46.3% | |
| Q4 2018 | -7.0% | -7.3% | -19.6% | |
| Q3 2018 | -15.5% | -12.4% | -8.8% | |
| Q2 2018 | +4.9% | +4.2% | -0.6% | |
| Q1 2018 | +0.7% | +2.6% | -9.2% | |
| Q4 2017 | +7.1% | +9.4% | +10.7% | |
| Q3 2017 | -5.3% | -2.2% | -14.1% | |
| Q2 2017 | +0.0% | -2.4% | +0.0% | |
| Q1 2017 | -4.9% | -7.1% | -3.4% | |
| Q4 2016 | -1.1% | -7.0% | +2.5% | |
| Q3 2016 | +14.7% | +9.7% | +22.2% | |
| Q2 2016 | +12.2% | — | — | |
| Q1 2016 | -14.1% | — | — | |
| Q4 2015 | +0.6% | — | — | |
| Q3 2015 | -4.9% | — | — | |
| Q2 2015 | -6.5% | — | — | |
| Q1 2015 | -1.7% | — | — | |
| Q4 2014 | +1.2% | — | — | |
| Q3 2014 | -8.4% | — | — | |
| Q2 2014 | -0.1% | — | — | |
| Q1 2014 | +1.2% | — | — | |
| Q4 2013 | +15.2% | — | — | |
| Q3 2013 | -1.7% | — | — | |
| Q2 2013 | -4.5% | — | — | |
| Q1 2013 | -0.1% | — | — | |
| Q4 2012 | -3.8% | — | — | |
| Q3 2012 | +3.5% | — | — | |
| Q2 2012 | +2.7% | — | — | |
| Q1 2012 | -2.7% | — | — | |
| Q4 2009 | -1.8% | — | — | |
| Q4 2011 | -1.8% | — | — | |
| Q3 2011 | +1.0% | — | — | |
| Q3 2010 | +1.0% | — | — | |
| Q2 2011 | -1.7% | — | — | |
| Q2 2010 | -1.7% | — | — | |
| Q1 2011 | +1.1% | — | — | |
| Q1 2010 | +1.1% | — | — | |
| Q4 2010 | +1.1% | — | — |
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