XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jan. 29, 2022
Jan. 30, 2021
Jan. 29, 2022
Jan. 30, 2021
Income Statement [Abstract]        
Net sales $ 7,416 $ 6,900 $ 14,413 $ 13,584
Cost of sales 6,341 5,905 12,296 11,619
Gross profit 1,075 995 2,117 1,965
Operating expenses 944 870 1,876 1,774
Restructuring, acquisition and integration related expenses 5 18 8 34
Loss on sale of assets 1 0 1 0
Operating income 125 107 232 157
Net periodic benefit income, excluding service cost (10) (17) (20) (34)
Interest expense, net 44 51 84 120
Other, net (2) (2) (1) (3)
Income from continuing operations before income taxes 93 75 169 74
Provision for income taxes 25 17 24 16
Net income from continuing operations 68 58 145 58
Income from discontinued operations, net of tax 0 3 0 3
Net income including noncontrolling interests 68 61 145 61
Less net income attributable to noncontrolling interests (2) (2) (3) (3)
Net income attributable to United Natural Foods, Inc. $ 66 $ 59 $ 142 $ 58
Basic earnings per share:        
Continuing operations (in dollars per share) $ 1.13 $ 1.01 $ 2.47 $ 0.99
Discontinued operations (in dollars per share) 0 0.04 0 0.05
Basic earnings per share (in dollars per share) 1.13 1.05 2.47 1.04
Diluted earnings per share:        
Continuing operations (in dollars per share) 1.08 0.96 2.33 0.93
Discontinued operations (in dollars per share) 0 0.04 0 0.05
Diluted earnings per share (in dollars per share) $ 1.08 $ 1.00 $ 2.33 $ 0.98
Weighted average shares outstanding:        
Basic (in shares) 58.3 56.1 57.6 55.7
Diluted (in shares) 61.0 59.2 61.0 59.1