United Natural Foods (UNFI) Misses Q2 EPS by 67c, Lowers FY EPS Guidance
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United Natural Foods, Inc. Reports Second Quarter Fiscal 2023 Results
March 8, 2023 7:00 AM ESTPROVIDENCE, R.I.--(BUSINESS WIRE)-- United Natural Foods, Inc. (NYSE: UNFI) (the Company or UNFI) today reported financial results for the second quarter of fiscal 2023 (13 weeks) ended January 28, 2023.
Second Quarter Fiscal 2023 Highlights (comparisons to second quarter fiscal 2022)
Net sales increased 5.4% to $7.8 billion, primarily driven by inflation and new business Gross profit decreased $6 million, or 0.6%, to nearly $1.1 billion; prior to LIFO charge, gross profit rose 0.4% Net income decreased 71.2% to $19 million; Earnings per diluted share (EPS) decreased 71.3% to $0.31 Adjusted EBITDA decreased 17.7% to $181... More