PROVIDENCE, RI - United Natural Foods, Inc. reported financial results for the third quarter of fiscal 2025 (13 weeks) ended May 3, 2025.

Third Quarter Fiscal 2025 Performance (comparisons to third quarter fiscal 2024)

• Net sales increased 7.5% to $8.1 billion
• Net loss of $(7) million; Loss per diluted share (EPS) of $(0.12)
• Adjusted EBITDA increased 20.8% to $157 million
• Adjusted EPS increased to $0.44

Recent Financial and Operational Summary

• Continued focus on stakeholder value creation and lean management delivered 20.8% Adjusted EBITDA growth and approximately $70 million free cash flow improvement compared to the prior year quarter
• Net debt to Adjusted EBITDA ratio declined to 3.3x, lowest in past two fiscal years
• Solid new business wins and operational execution continuing to drive high confidence in multi-year strategy
• Continued to add profitable new business while rationalizing unprofitable business
• Realignment of wholesale business producing customer and supplier benefits
• Lean daily management now implemented in 20 out of 52 distribution centers; creating safety, quality, delivery, and cost benefits

“During the third quarter, our customers helped us deliver another solid quarter of sales growth and our seventh consecutive quarter of sequentially improving Adjusted EBITDA. I’m pleased that our focus on becoming a more efficient and effective value-adding partner for our customers and suppliers is leading to steady margin improvement, including a higher year-over-year adjusted EBITDA margin rate and increased free cash flow,” said Sandy Douglas, UNFI’s CEO, in the recent release.

“In the near term, we are focused on diligently managing through the cyber incident we announced yesterday to rapidly and safely restore our capabilities, while helping our customers with short-term solutions wherever possible.”

View the full report here.