PROVIDENCE – United Natural Foods Inc. reported a $1 million loss for its fiscal first quarter, or 2 cents per diluted share, the company said on Wednesday.
United reported a loss of $384 million one year prior, or $7.21 per diluted share.
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Revenue totaled $6.7 billion, an increase from $6.3 billion one year prior.
“I am pleased with the start to fiscal 2021 as UNFI leveraged strong sales growth into year-over-year expanded adjusted EBITDA margins for the third consecutive quarter,” said Steven L. Spinner, chairman and CEO. “We’ve done a great job protecting the safety of our associates and helping our customers succeed in an evolving operating environment, while building for the future through new distribution centers, customer solutions and innovation across our business. Our newest distribution center will be a campus in Allentown, Pa., to service Key Food beginning next fall and facilitate further growth in the Greater New York metropolitan market.”
The company said that it incurred $16.4 million in restructuring, acquisition and integration-related expenses in the first quarter of fiscal 2021, primarily reflecting costs associated with advisory and transformational activities, as well as distribution center consolidations. It reported $14.7 million in such costs in the first quarter of fiscal 2020.
Segment revenue:
- Chains segment revenue totaled $3 billion, an increase from $2.9 billion one year prior.
- Sales to independent retailers totaled $1.7 billion, an increase from $1.6 billion one year prior.
- Supernatural segment revenue totaled $1.2 billion, an increase from $1.1 billion one year prior.
- Retail segment revenue totaled $595 million, a rise from $515 million one year prior.
