UNFI Q3 2021 Earnings Report
Key Takeaways
United Natural Foods reported a decrease in net sales by 5.9% to $6.62 billion, a decrease in net income to $49 million, and a decrease in EPS to $0.80. Despite these decreases, the company remains on track to set another record for fiscal 2021 and expects fiscal 2022 to be even better.
Net sales decreased by 5.9% to $6.62 billion, but increased 6.7% on a two-year stack basis.
Net income decreased by approximately $40 million to $49 million.
EPS decreased by 50.0% to $0.80.
Net debt reduced by $62 million, bringing the fiscal year-to-date total to $175 million.
UNFI
UNFI
Forward Guidance
UNFI provided its outlook for the fiscal year ending July 31, 2021, anticipating net sales between $27.0 and $27.8 billion, net income between $130 and $160 million, EPS between $2.15 and $2.65, adjusted EPS between $3.05 and $3.55, adjusted EBITDA between $690 and $730 million, and capital expenditures between $250 and $300 million.