Strong Sales and EBITDA Growth
UNFI reported a 5% increase in sales to $8.2 billion and a 13% growth in adjusted EBITDA compared to the prior year quarter, reflecting solid operational execution and financial performance.
Successful Distribution Center Consolidation
The consolidation of the Fort Wayne distribution center was completed, leading to significant operational efficiencies and cost-saving opportunities.
Improved Free Cash Flow
UNFI generated $193 million in free cash flow in the quarter, an improvement of $77 million from the previous year, contributing to a reduction in net leverage to 3.7 times.
Lean Management Implementation
Lean daily management practices have been adopted in nine distribution centers, showing low-single-digit productivity gains and improvements in safety and delivery quality.
Raised Full-Year Financial Outlook
UNFI raised its full-year outlook for net sales, adjusted EBITDA, and adjusted EPS due to better-than-expected operational performance and customer retention.