United Natural Foods, Inc. Reports Net Loss of $68 Million in Q4 2023

United Natural Foods, Inc. (UNFI), a leading distributor of natural and organic food products, has released its financial results for the fourth quarter ended July 29, 2023, and the fiscal year ended the same date. The company reported a net loss of $68 million for the fourth quarter and disclosed a total revenue of $30.3 billion for the fiscal year. These figures reflect UNFI's ongoing efforts to navigate challenges in the food distribution industry.

Challenging Fourth Quarter: Net Loss of $68 Million

UNFI reported a net loss of $68 million for the fourth quarter of 2023. This compares to a net income of $39 million in the same quarter of the previous fiscal year. The significant change in performance is attributed to various factors, including increased operating expenses and asset charges.

Fiscal Year 2023: Steady Revenue Growth