UNFI Reports Fourth Quarter Growth

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Providence, RI—United Natural Foods, Inc. announced results for the fourth quarter and fiscal year ended August 3, 2019. Fourth quarter net sales increased to $6.41 billion, or 2.8% when excluding the contribution from SUPERVALU and the additional week in the quarter compared to last year’s fourth quarter. Other highlights include:

  • Fourth quarter net income of $18.9 million
  • Net outstanding debt decreased by $166 million since the end of the third quarter and $353 million since the end of the first quarter
  • Fourth quarter earnings per diluted share (EPS) of $0.36; adjusted EPS of $0.44
Related: UNFI Accelerates Integration of SUPERVALU
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“This past fiscal year has been a transformational one for us as we began realizing some of the key benefits and competitive advantages from the SUPERVALU acquisition that will be the foundation of our long-term success,” said Steven L. Spinner, Chairman and CEO of UNFI. “As we begin the new fiscal year, I see tremendous focus and enthusiasm across the organization as we execute our strategy.  This passion will be a tailwind as we drive to accelerate cross-selling efforts, realize new cost efficiencies, aggressively pay down debt and deliver results in the quarters to come.”

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