XML 29 R5.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 29, 2023
Jul. 30, 2022
Jul. 31, 2021
Income Statement [Abstract]      
Net sales $ 30,272 $ 28,928 $ 26,950
Cost of sales 26,141 24,746 23,011
Gross profit 4,131 4,182 3,939
Operating expenses 3,973 3,825 3,593
Restructuring, acquisition and integration related expenses 8 21 56
Loss (gain) on sale of assets and other asset charges 30 (87) (4)
Operating income 120 423 294
Net periodic benefit income, excluding service cost (29) (40) (85)
Interest expense, net 144 155 204
Other income, net (2) (2) (8)
Income from continuing operations before income taxes 7 310 183
(Benefit) provision for income taxes (23) 56 34
Net income from continuing operations 30 254 149
Income from discontinued operations, net of tax 0 0 6
Net income including noncontrolling interests 30 254 155
Less net income attributable to noncontrolling interests (6) (6) (6)
Net income attributable to United Natural Foods, Inc. $ 24 $ 248 $ 149
Basic earnings per share:      
Continuing operations (in dollars per share) $ 0.41 $ 4.28 $ 2.55
Discontinued operations (in dollars per share) 0 0 0.10
Basic earnings per share (in dollars per share) 0.41 4.28 2.65
Diluted earnings per share:      
Continuing operations (in dollars per share) 0.40 4.07 2.38
Discontinued operations (in dollars per share) 0 0 0.09
Diluted earnings per share (in dollars per share) $ 0.40 $ 4.07 $ 2.48
Weighted average shares outstanding:      
Basic (in shares) 59.2 58.0 56.1
Diluted (in shares) 60.7 61.0 60.0