Mar. 10 at 11:50 AM
$UNFI
🚨
Net sales decreased 2.6% to
$7.9 billion, including a nearly 500 basis point impact from optimization actions
Net income of
$20 million; Net income per diluted share (EPS) of
$0.31
Adjusted EBITDA (1) increased 23.4% to
$179 million
Adjusted EPS (1) increased to
$0.62
Net cash provided by operating activities was
$283 million; Free cash flow (1) was
$243 million
Net leverage ratio (1) declined sequentially to 2.7x, lowest since fiscal 2023; now expect to be ~2.3x by year-end, meaningfully lower than prior target of ≤ 2.5x by year-end fiscal 2026
Repurchased nearly 750,000 shares for approximately
$25 million
