UNFI Reports Second Quarter Fiscal 2022 Results
United Natural Foods, Inc. today reported financial results for the second quarter of fiscal 2022 (13 weeks) ended January 29, 2022.
Second Quarter Fiscal 2022 Highlights (comparisons to second-quarter fiscal 2021)
- Net sales of $7.4 billion, an increase of 7.5 percent (+14.6 percent on a 2-year stack basis)
- Net income of $66 million, an increase of 11.9 percent
- Adjusted EBITDA of $201 million, a decrease of 2.4 percent
- Earnings per diluted share (EPS) of $1.08, an increase of 8 percent
- Adjusted EPS of $1.13, a decrease of 9.6 percent
- Raises outlook for net sales; outlook for net income and EPS raised to include gain on sale of DC
- Affirms outlook for adjusted EBITDA and adjusted EPS
- Earns Top Score in Human Rights Campaign Foundation’s 2022 Corporate Equality Index
“Our second-quarter sales were the highest in UNFI’s history as our customers provided the products consumers sought for their winter holiday occasions. Despite accelerating inflation and supply chain concerns, UNFI continues to remain agile to provide the best possible service to our customers,” said Sandy Douglas, Chief Executive Officer. “We are optimistic toward the second half of the fiscal year as our Fuel the Future strategy continues to deliver real value and best positions our customers for success in today’s unpredictable environment.”
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