UNFI narrows first-quarter loss and raises fiscal 2025 outlook as net sales rise 4.2%
UNFI reported first-quarter fiscal 2025 results for the 13 weeks ended November 2, 2024, with net sales up 4.2% to $7.9 billion and a net loss of $21 million, narrowed from $39 million a year earlier. The company raised its full-year outlook for all metrics except capital spending, including Adjusted EBITDA of $530 million to $580 million, which means results improved on both sales and profit measures for shareholders.
- Net sales rose 4.2% to $7.9 billion; diluted loss per share was $(0.35) versus $(0.67) a year earlier
- Adjusted EBITDA increased 14.5% to $134 million; Adjusted EPS was $0.16 versus $(0.04)
- Updated fiscal 2025 outlook: net loss $(31) million to $(3) million, down from $(41) million to $(3) million; Adjusted EPS $0.40 to $0.80, up from $0.20 to $0.80
- Free cash flow was $(159) million versus $(328) million; net debt to Adjusted EBITDA leverage was 4.2x