Key takeout
Fallout from cyberattacks continues to drag United Natural Foods (UNFI) stocks.
Shares sank 7% on Monday as United Natural Foods revealed a hacking disruption. In its financial report, the company said it has not updated its guidance on GAAP’s net loss/gain and non-EPS metrics despite its underlying momentum and third quarter outperformance as it is unclear what the impact of the cyberattack is.
The company is currently seeing a full-year net loss of between $55 million and $80 million compared to previous forecasts with a net loss of $13 million of $3 million. Loss per share is expected to be between $0.90 and $1.30, compared to $0.05, with previous forecasts with loss per share of $0.15. They said they reflect “costs and fees associated with withdrawal of customer contracts and optimizing the distribution network of companies in the Northeast.”
Q3 results provide a simple estimate
The news comes as United Natural Foods posted a $0.44 quarter adjusted revenue (EPS), which doubled what the visible Alpha surveyed analysts were looking for. Net sales increased 7.5% year-on-year to $860 million.
The company reported that Sales Jump added performance “mainly by an increase of 4% in wholesale unit volume, including new business benefits with existing and new customers, inflation.”
In response to online attacks, CEO Sandy Douglas explained that the company “focuses on enthusiastic management through cyber incidents that yesterday announced it would quickly and safely restore our capabilities, but focuses on helping our customers with solutions that are as short-term possible.” United Natural Foods is a leading supplier of Amazon (AMZN) Whole Foods Markets.
Yesterday’s news sent United Natural Foods stocks into negative territory that year, with a 4% slide down around 9% in 2025.
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