UNFI — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-09-14

• Our value creation strategy is focused on adding value for our customers and suppliers and becoming a more effective and efficient company. We are actively working to position our Company to be the partner of choice to a resilient portion of the food retail industry, including retailers focused on n…

• We expect to continue to use available capital to re-invest in our business and are committed to improving our free cash flow and financial leverage through working to improve our profitability, disciplined capital investment and strengthened working capital management, while reducing outstanding de…

• We believe we can optimize our performance and profitability through our improvement efforts, which we expect will improve our operational effectiveness and cost structure, increase sales of products and services to new and existing customers and position us to provide tailored, data-driven solution…

• We are continually striving to better serve our stakeholders, including our customers, suppliers, associates and communities, and to drive profitable growth and sustainable shareholder value creation.

• At UNFI, we are committed to delivering value to our shareholders while also fostering long-term sustainability throughout our business. Now in its sixth year, our sustainability strategy, Better for All, is designed to drive meaningful impact outcomes, while simultaneously supporting business effic…

Text removed vs the prior filing · source: 10-K · 2025-10-01

• We are continually striving to better serve our stakeholders, including our customers, suppliers, associates and communities, and to drive profitable growth and sustainable shareholder value creation. We completed the first fiscal year of the strategy we introduced in October 2024 designed to add va…

• Our strategy is centered on adding value to our customers and suppliers through our expansive assortment of products, programs, insights and services that help them grow and compete. Our strategy is highly focused on actively positioning our Company to add value to a resilient portion of the food re…

• Simultaneously, we are working to improve free cash flow generation and reduce net leverage by optimizing controllable variables, including through intensified network optimization, reduced capital intensity and optimized cost structure. Our efforts to optimize our distribution network include strea…

• In the second quarter of fiscal 2025, we began realigning our commercial wholesale organization into two product-centered business divisions, Conventional Grocery Products (“Conventional”) and Natural, Organic, Specialty & Fresh Products (“Natural”), to enhance service to customers and suppliers thr…

• In the fourth quarter of fiscal 2025, we restructured our internal financial reporting and management processes to align with the new divisional structure. As a result, we realigned our operating and reportable segments based on how the Chief Operating Decision Maker (“CODM”) manages the business, m…

Text added vs the prior filing · source: 10-K · 2026-09-14

• Our long-term strategy is centered on adding value to our customers and suppliers through our expansive assortment of products, services, programs and insights that help them grow and compete. Simultaneously, we are working to become more efficient, including focusing on network optimization, reduce…

• Achieving our long-term strategy may be limited by our ability to optimize our distribution center network to serve our customers, retain existing customers, successfully integrate acquired entities or significant new customers, implement information systems and automation initiatives, or adequately…

• Further, a key element of our current strategy is to distribute and offer differentiated products and services. We believe that the ability to distribute these products and offer these services will distinguish us from our competitors and increase demand for our products. If we are unable to offer d…

• We may not realize all or any of the anticipated benefits, or may not realize the anticipated benefits within the expected time frame, of our strategic initiatives due to financial or operational challenges, delays, lower than expected levels of customer and supplier acceptance and implementation or…

• Our Natural and Conventional businesses could be adversely affected if we are not able to attract new customers, increase sales to or retain existing customers or if our customers are unable to grow their businesses.

Text removed vs the prior filing · source: 10-K · 2025-10-01

• Our long-term strategy is centered on adding value to our customers and suppliers through our expansive assortment of products, services, programs and insights that help them grow and compete. Simultaneously, we are working to improve free cash flow by focusing on what we can control around the area…

• Our growth plans may not produce the results that we expect.

• Our future growth may be limited by our ability to optimize our distribution center network to serve our customers, retain existing customers, successfully integrate acquired entities or significant new customers, implement information systems and automation initiatives, or adequately manage our per…

• If we are unable to successfully optimize our distribution center network or open additional distribution centers in new or existing markets if needed to accommodate or facilitate growth or if our distribution centers have increased operational challenges it could have a material impact on our abili…

• Further, a key element of our current growth strategy is to increase the amount of differentiated products that we distribute and services that we offer. We believe that the ability to distribute these products and offer these services will distinguish us from our competitors and increase demand for…

Text removed vs the prior filing · source: 10-K · 2025-10-01

• On December 31, 2024, the Company received a Notice of Potential Violation and Opportunity to Confer (“Notice”) from the U.S. Environmental Protection Agency (“EPA”) Region VI alleging violations of the Federal Clean Air Act Section 112(r) at one of the Company’s distribution centers. The alleged vi…

Text added vs the prior filing · source: 10-K · 2026-09-14

• •our ability to develop, implement, operate and maintain, and rely on third parties to operate and maintain, reliable and secure technology systems;

• •the effectiveness of our business continuity plans in response to incidents impacting our operating network or technology systems;

• •our sensitivity to general economic conditions including inflation, tariff policy and changes in disposable income levels and consumer purchasing habits;

• •the potential for our insurance and self-insurance programs not to be adequate to cover our claims;

• •our ability to realize anticipated benefits of strategic transactions;

Text removed vs the prior filing · source: 10-K · 2025-10-01

• •our ability to develop, implement, operate and maintain, and rely on third parties to operate and maintain, reliable and secure technology systems, and the effectiveness of our business continuity plans in response to an incident impacting our technology systems, such as the unauthorized incident o…

• •our ability to realize anticipated benefits of strategic transactions;

• •our sensitivity to general economic conditions including inflation, tariff policy and changes in disposable income levels and consumer purchasing habits;

• •our ability to timely and successfully deploy our warehouse management system throughout our distribution centers and our transportation management system across the Company and to achieve efficiencies and cost savings from these efforts;

• In the second quarter of fiscal 2025, we began realigning our commercial wholesale organization into two product-centered business divisions, Conventional Grocery Products (“Conventional”) and Natural, Organic, Specialty & Fresh Products (“Natural”), to enhance service to customers and suppliers thr…