XML 26 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 30, 2021
Feb. 01, 2020
Jan. 30, 2021
Feb. 01, 2020
Income Statement [Abstract]        
Net sales $ 6,888,133 $ 6,431,382 $ 13,560,740 $ 12,727,994
Cost of sales 5,897,774 5,514,057 11,603,882 10,903,458
Gross profit 990,359 917,325 1,956,858 1,824,536
Operating expenses 866,880 862,732 1,767,842 1,746,420
Goodwill and asset impairment charges 0 0 0 425,405
Restructuring, acquisition and integration related expenses 17,783 36,522 34,211 51,194
Loss on sale of assets 399 524 169 434
Operating income (loss) 105,297 17,547 154,636 (398,917)
Other expense (income):        
Net periodic benefit income, excluding service cost (17,127) (3,277) (34,160) (14,661)
Interest expense, net 50,944 48,836 120,077 98,545
Other, net (1,674) (1,220) (2,472) (1,620)
Total other expense, net 32,143 44,339 83,445 82,264
Income (loss) from continuing operations before income taxes 73,154 (26,792) 71,191 (481,181)
Provision (benefit) for income taxes 16,392 (12,808) 15,401 (79,763)
Net income (loss) from continuing operations 56,762 (13,984) 55,790 (401,418)
Income (loss) from discontinued operations, net of tax 3,803 (16,076) 5,099 (12,050)
Net income (loss) including noncontrolling interests 60,565 (30,060) 60,889 (413,468)
Less net income attributable to noncontrolling interests (1,605) (650) (2,972) (1,169)
Net income (loss) attributable to United Natural Foods, Inc. $ 58,960 $ (30,710) $ 57,917 $ (414,637)
Basic earnings (loss) per share:        
Continuing operations (in dollars per share) $ 0.98 $ (0.27) $ 0.95 $ (7.54)
Discontinued operations (in dollars per share) 0.07 (0.30) 0.09 (0.23)
Basic loss per share (in dollars per share) 1.05 (0.57) 1.04 (7.77)
Diluted earnings (loss) per share:        
Continuing operations (in dollars per share) 0.93 (0.27) 0.89 (7.54)
Discontinued operations (in dollars per share) 0.06 (0.30) 0.09 (0.23)
Diluted loss per share (in dollars per share) $ 1.00 $ (0.57) $ 0.98 $ (7.77)
Weighted average shares outstanding:        
Basic (in shares) 56,138 53,523 55,717 53,368
Diluted (in shares) 59,205 53,523 59,119 53,368