UNFI - Grocery Wholesaler United Natural Foods Posts Mixed Q1 Earnings Reaffirms FY24 Outlook | Benzinga
United Natural Foods Inc (NYSE: UNFI) reported first-quarter FY24 sales growth of 0.3% Y/Y to $7.552 billion, missing the analyst consensus of $7.615 billion.
Revenue benefitted from inflation and new business with existing customers, primarily in its Supernatural channel, partly offset by decreased units sold.
Gross profit declined 6.0% Y/Y to $1.0 billion, with a margin of 13.6% vs. 14.6% a year ago.
Adjusted EBITDA declined 43.5% Y/Y to $117 million. ...