United Natural Foods, Inc. (NYSE:UNFI) Q3 2024 Earnings Conference Call June 5, 2024 8:30 AM ET

Company Participants

Steve Bloomquist - Vice President, Investor Relations
Sandy Douglas - Chief Executive Officer
Matteo Tarditi - President & Chief Financial Officer

Conference Call Participants

Leah Jordan - Goldman Sachs
Sachin Verma - UBS
Eli Lapp - BMO Capital Markets
Julio Marquez - Guggenheim Partners
Andrew Wolf - C.L. King
Carla Casella - JPMorgan

Operator

Hello. My name is Ellie, and I will be your operator for today. I would like to welcome everyone to UNFI Fiscal 2024 Third Quarter Earnings Call. Please note that all participants are in listen-only mode. After the prepared remarks, we will have a question-and-answer session.

It is now my pleasure to turn today's speaking over to Steve Bloomquist, Vice President, Investor Relations. Steve, please go ahead.

Steve Bloomquist

Good morning, everyone, and thank you for joining us on UNFI's third quarter fiscal 2024 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 unfi.com on the Events tab. 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 Matteo Tarditi, our President and Chief Financial Officer. Sandy and Matteo will provide a 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 thank you all for joining us this morning.

We delivered another quarter of results in line with our fiscal 2024 plan, and we progressed on our near-term operational and efficiency initiatives to reset profitability. We've also taken important actions to strengthen our foundation, including extending our relationship with Whole Foods through 2032 and extending the maturity of our term loan to 2031.