United Natural Foods, Inc. (NYSE:UNFI) Q3 2023 Earnings Conference Call June 7, 2023 8:30 AM ET

Company Participants

Steve Bloomquist - Vice President, Investor Relations

Sandy Douglas - Chief Executive Officer

John Howard - Chief Financial Officer

Conference Call Participants

Isabel Thompson - UBS

Leah Jordan - Goldman Sachs

Scott Mushkin - R5 Capital

Ben Wood - BMO Capital Markets

Andrew Wolf - CL King

Peter Saleh - BTIG

William Reuter - Bank of America

Operator

Good morning and welcome to UNFI’s Third Quarter Fiscal 2023 Earnings Conference Call. All participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference call is being recorded. I would now like to turn the call over to Steve Bloomquist, Vice President, Investor Relations. Thank you. Please go ahead sir.

Steve Bloomquist

Good morning, everyone. Thank you for joining us on UNFI's third quarter fiscal 2023 earnings conference call. By now you should have received a copy of the earnings release issued this morning. The press release and earnings presentation, which management will speak to are available under the Investors section of the company's website at www.unfi.com. We've also included a supplemental disclosure file in Microsoft Excel with key financial information.

Joining me for today's call are Sandy Douglas, our Chief Executive Officer; and John Howard, our Chief Financial Officer. Sandy and John will provide a strategy and business update, after which we'll take your questions.

Before we begin, I'd like to remind everyone that comments made by management during today's call may contain forward-looking statements. These forward-looking statements include plans, expectations, estimates, and projections that might involve significant risks and uncertainties. These risks are discussed in the company's earnings release and SEC filings. Actual results may differ materially from the results discussed in these forward-looking statements.

And lastly, I'd like to point out that during today's call management will refer to certain non-GAAP financial measures. Definitions and reconciliations to the most comparable GAAP financial measures are included in our press release and the end of our earnings presentation.

I'd ask you to turn to Slide 6 of our presentation as I turn the call over to Sandy.

Sandy Douglas

Thanks Steve, and good morning everyone. We appreciate you joining us for our third quarter call. As you saw in our release, we reported a quarter that was below our expectations. Today, we are going to address the drivers of these results and our plan to improve profitability in both the short run and in the longer term as we strive to advance our growth and improvement agenda.