United Natural Foods Inc (UNFI) reported Q4 FY23 sales growth of 2% to $7.417 billion, missing the analyst consensus of $7.47 billion. Gross margin fell to 13% from 14.5% last year, and gross profit fell 8.3% to $966 million. The company reported an operating loss of $75 million, compared to an income of $68 million last year. Adjusted EBITDA decreased 56.3% Y/Y to $93 million. The company repurchased approximately 791,000 shares at an average price of $26.49. UNFI expects FY24 sales of $30.9 billion-$31.5 billion, against the consensus of $31.03 billion, and adjusted EPS of $(0.88)-$0.38 versus the consensus of $2.56.