United Natural Foods backs FY24 adjusted EPS view (88c)-38c, consensus 11c

Backs FY24 revenue view $30.9B-$31.5B, consensus $31.21B. Backs FY24 adjusted EBITDA view $450M-$550M. The company said, “As we work to restore profitability in the near-term, we also continue to make progress on our multi-year transformation agenda designed to enhance shareholder value by structurally improving our capabilities, efficiency and profitability while meaningfully enhancing the customer and supplier experience. Given our leadership position and the tremendous long-term value creation opportunity we see for our customers, suppliers and our shareholders, we refuse to be incremental in our approach. We remain focused on sustaining operating and transformation momentum as we service our customers throughout the busy holiday season and will continue to drive operational improvement as quickly as possible.”