Loading...
•
Oct 31, 2020
UNFI Q1 2021 Earnings Report
Reported first quarter fiscal 2021 results, leveraging strong sales growth into year-over-year expanded adjusted EBITDA margins for the third consecutive quarter.
Key Takeaways
United Natural Foods, Inc. reported a 6.0% increase in net sales to $6.67 billion for the first quarter of fiscal 2021. The company reported a net loss of $1 million, including $43 million in pre-tax charges and costs, but adjusted EBITDA increased 30.6% to $159 million. Adjusted EPS increased to $0.51.
Net Sales increased 6.0% to $6.67 billion
Net loss of $1 million, including $43 million in pre-tax charges and costs
Adjusted EBITDA increased 30.6% to $159 million
Adjusted earnings per share (EPS) increased by $0.47 to $0.51
UNFI
UNFI
Forward Guidance
The Company is reaffirming its full-year outlook for net sales, adjusted EPS, and adjusted EBITDA and updating its outlook for net income, EPS, and capital expenditures.
Positive Outlook
- Net Sales ($ in billions) $27.0 - $27.8
- Net Income ($ in millions) $130 - $160
- Earnings Per Diluted Share (EPS) $2.15 - $2.65
- Adjusted EPS $3.05 - $3.55
- Adjusted EBITDA ($ in millions) $690 - $730