United Natural Foods, Inc. (NYSE:UNFI) Q1 2025 Earnings Conference Call December 10, 2024 8:30 AM ET

Company Participants

Sandy Douglas - CEO
Matteo Tarditi - President & CFO
Steve Bloomquist - VP, IR

Conference Call Participants

John Heinbockel - Guggenheim Partners
Leah Jordan - Goldman Sachs
Andrew Wolf - C.L. King
Ben Wood - BMO Capital Markets
Alex Slagle - Jefferies
Chuck Cerankosky - Northcoast Research
Scott Mushkin - R5 Capital
Mathew Rothway - UBS

Operator

Hello, and welcome to the UNFI fiscal 2025 first quarter earnings call. Please note that this call is being recorded. After the prepared remarks, we will be having a question-and-answer session. [Operator Instructions]

I’d now like to turn the call over to Mr. Steve Bloomquist, head of Investor Relations. You may now begin.

Steve Bloomquist

Good morning, everyone, and thank you for joining us on UNFI’s first quarter fiscal 2025 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 investor 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 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. 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 measures are included in our press release and the end of our earnings presentation. And finally, beginning with the second quarter, we plan to change the sales channels reporting on the face of our press release. To assist with the transition, we will provide the new basis for presentation and historical figures prior to the next earnings call. We believe these changes will give you additional insight and transparency into our multi-year strategy and sales performance.

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