Better Food. Better Future.
Reconciliation - FY22 Outlook
Net income attributable to United Natural Foods, Inc. per diluted common share
Gain on sale of assets
Restructuring, acquisition and integration related expenses
Discontinued operations store closures and other charges, net
Tax impact of adjustments and adjusted effective tax rate(1)
Adjusted net income per diluted common share
Low Range
$
4.60
Fiscal Year Ending July 30, 2022
Estimate High Range
$
4.90
(1.37)
0.32
0.05
0.30
S
3.90
$
4.20
(in millions)
Low Range
Fiscal Year Ending July 30, 2022
Estimate
Net income attributable to United Natural Foods, Inc.
Provision for income taxes
285
High Range
$
306
98
107
Gain on sale of assets
Restructuring, acquisition and integration related costs
Discontinued operations store closures and other charges, net
Interest expense, net
Depreciation and amortization
Share-based compensation
Net periodic benefit income, excluding service costs
Adjusted EBITDA
(85)
20
3
147
287
45
(40)
$
760
$
790
14
Better Food. Better Future.
The non-GAAP adjusted earnings per
diluted common share measure is a
consolidated measure, which the Company
reconciles by adding Net income
attributable to UNFI plus goodwill
impairment benefits and charges,
restructuring, acquisition, and integration
related expenses, gains and losses on sales
of assets, certain legal charges and gains,
surplus property depreciation and interest
expense, losses on debt extinguishment,
discontinued operations store closures and
other charges, net, certain other non-cash
charges or other items, as determined by
management, the impact of diluted shares
when GAAP earnings is presented as a loss
and non-GAAP earnings represent income,
and the tax impact of adjustments and the
adjusted effective tax rate, which tax
impact is calculated using the adjusted
effective tax rate.View entire presentation