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Aug 03, 2024
UNFI Q4 2024 Earnings Report
UNFI's Q4 2024 performance drove fiscal year results to the upper end of the outlook, with four consecutive quarters of increasing profitability and a strengthened foundation.
Key Takeaways
UNFI reported a 10.0% increase in net sales to $8.2 billion for the fourth quarter of fiscal 2024. The company's net loss was $37 million, with an adjusted EPS of $0.01. Adjusted EBITDA increased by 53.8% to $143 million.
Net sales increased 10.0% to $8.2 billion; grew 2.1% on a comparable 13-week basis.
Net loss of $37 million; Loss per diluted share (EPS) of $(0.63).
Adjusted EBITDA increased 53.8% to $143 million, including an approximate $10 million benefit from the additional week.
Adjusted EPS of $0.01.
UNFI
UNFI
Forward Guidance
The Company is providing the following outlook for fiscal 2025, a 52-week year.
Positive Outlook
- Net sales ($ in billions) $30.3 - $30.8
- Adjusted EPS (2)(3)(4) $0.20 - $0.80
- Adjusted EBITDA (4) ($ in millions) $520 - $580
- Free cash flow (6) ~ $100
Challenges Ahead
- Net loss ($ in millions) $(41) - $(3)
- EPS (2) $(0.65) - $(0.05)
- Capital and cloud implementation expenditures (5)(6)($ in millions) ~ $300