Steve Spinner
Vice President, Investor Relations
Replay available
United Natural Foods, Inc. (UNFI) Q1 2026 Earnings Call
United Natural Foods, Inc. (NYSE: UNFI) Q1 2026 earnings conference call, held 2025-12-02. Replay captured from the company's public earnings webcast.
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Sandy Douglas
President & Chief Executive Officer
John Heinbockel
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John Park
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Mark Harden
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Kelly Bunya
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Chuck Sarenkoski
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Leah Jordan
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Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.999 These risks are discussed in the company's earnings release and SEC filings. 00:00:05.999 -- 00:00:10.045 Actual results may differ materially from the results discussed in these forward-looking 00:00:10.045 -- 00:00:11.567 statements. 00:00:11.567 -- 00:00:15.392 I'd like to point out that during today's call, management will refer to certain non-GAAP 00:00:15.392 -- 00:00:20.359 financial measures. Definitions and reconciliations to the most comparable GAAP financial 00:00:20.359 -- 00:00:25.715 measures are included in our press release and the end of our earnings presentation. 00:00:25.715 -- 00:00:31.562 I now ask you to turn to slide six of our presentation as I turn the call over to Sandy. 00:00:31.562 -- 00:00:35.267 Thanks, Steve, and thank you, everyone, for joining us this morning. 00:00:35.267 -- 00:00:38.611 In the first quarter of fiscal 2026, UNIFI 00:00:38.611 -- 00:00:43.637 delivered solid results, including adjusted EBITDA and free cash flow 00:00:43.637 -- 00:00:48.903 meaningfully above prior year levels, while net leverage declined approximately one 00:00:48.903 -- 00:00:54.010 turn compared to the prior year quarter. Importantly, we delivered 00:00:54.010 -- 00:00:56.010 these 00:01:53.161 -- 00:01:54.385 business. 00:01:54.385 -- 00:01:59.543 This reflects actions taken within our value delivery office to help support gross 00:01:59.543 -- 00:02:04.814 margins as well as continued progress managing shrink. 00:02:33.509 -- 00:02:38.656 As a result of our solid Q1 performance, we're firmly on track to achieve our full 00:02:38.656 -- 00:02:43.662 year outlook, and we remain focused on executing our strategy, 00:02:43.662 -- 00:02:48.769 adding value for our customers and suppliers while becoming a more effecti...