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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended October 31, 1997
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 000-21531
UNITED NATURAL FOODS, INC.
(Exact name of Registrant as Specified in Its Charter)
Delaware 05-0376157
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
260 Lake Road
Dayville, CT 06241
(Address of Principal Executive Offices, Including Zip Code)
Registrant's Telephone Number, Including Area Code: (860) 779-2800
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Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days:
Yes X No
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As of December 11, 1997, there were 17,356,705 shares of the Registrant's Common
Stock, $0.01 par value per share, outstanding.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
UNITED NATURAL FOODS, INC.
/s/ Steven Townsend
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Steven Townsend
Chief Financial Officer
(Principal Financial and Accounting Officer)
Dated: January 5, 1998
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE INTERIM
CONSOLIDATED STATEMENTS OF INCOME AND THE CONSOLIDATED BALANCE SHEETS FOR ALL
PERIODS PRESENTED AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<S> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 9-MOS YEAR
<FISCAL-YEAR-END> JUL-31-1997 JUL-31-1996 OCT-31-1995
<PERIOD-END> OCT-31-1996 JUL-31-1996 OCT-31-1995
<CASH> 1,105,692 748,527 688,885
<SECURITIES> 0 0 0
<RECEIVABLES> 43,368,594 40,611,513 38,080,683
<ALLOWANCES> 1,673,938 1,539,506 1,750,885
<INVENTORY> 69,118,946 63,761,040 54,584,917
<CURRENT-ASSETS> 115,404,443 108,156,010 95,867,964
<PP&E> 50,465,004 49,044,555 40,122,356
<DEPRECIATION> 16,840,716 15,826,699 12,175,350
<TOTAL-ASSETS> 160,035,094 152,290,482 134,451,071
<CURRENT-LIABILITIES> 101,020,325 94,335,099 84,615,132
<BONDS> 33,934,685 34,107,943 32,747,425
0 0 0
0 0 0
<COMMON> 136,914 136,914 136,914
<OTHER-SE> 24,568,775 23,303,180 16,589,462
<TOTAL-LIABILITY-AND-EQUITY> 160,035,094 152,290,482 134,451,071
<SALES> 146,302,981 439,034,800 458,849,435
<TOTAL-REVENUES> 146,302,981 439,034,800 458,849,435
<CGS> 116,656,617 348,922,954 363,757,549
<TOTAL-COSTS> 116,656,617 348,922,954 363,757,549
<OTHER-EXPENSES> 0 0 0
<LOSS-PROVISION> 541,610 0 0
<INTEREST-EXPENSE> 2,110,905 5,886,714 5,345,548
<INCOME-PRETAX> 2,343,129 8,325,074 5,769,357
<INCOME-TAX> 1,053,905 2,883,511 2,953,856
<INCOME-CONTINUING> 1,289,224 5,441,563 2,815,501
<DISCONTINUED> 0 0 0
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> 1,289,224 5,441,563 2,815,501
<EPS-PRIMARY> 0.09 0.33 0.18
<EPS-DILUTED> 0.09 0.33 0.18
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE INTERIM
CONSOLIDATED STATEMENTS OF INCOME AND THE CONSOLIDATED BALANCE SHEETS FOR ALL
PERIODS PRESENTED AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<S> <C> <C> <C>
<PERIOD-TYPE> YEAR 9-MOS 6-MOS
<FISCAL-YEAR-END> JUL-31-1997 JUL-31-1997 JUL-31-1997
<PERIOD-END> JUL-31-1997 APR-30-1997 JAN-31-1997
<CASH> 952,498 563,459 1,812,188
<SECURITIES> 0 0 0
<RECEIVABLES> 45,363,506 48,232,253 47,887,728
<ALLOWANCES> 2,411,379 2,827,395 2,668,456
<INVENTORY> 71,508,896 76,524,235 66,800,538
<CURRENT-ASSETS> 121,421,393 126,623,989 117,195,333
<PP&E> 52,439,740 51,599,353 51,052,404
<DEPRECIATION> 20,027,612 18,917,407 17,822,762
<TOTAL-ASSETS> 164,560,575 169,657,702 160,778,697
<CURRENT-LIABILITIES> 68,320,898 82,890,483 75,768,331
<BONDS> 27,689,690 22,116,555 23,507,855
0 0 0
0 0 0
<COMMON> 173,771 173,771 173,771
<OTHER-SE> 67,698,656 64,318,246 60,970,846
<TOTAL-LIABILITY-AND-EQUITY> 164,560,575 169,657,702 160,778,697
<SALES> 633,836,343 465,201,402 306,575,184
<TOTAL-REVENUES> 633,836,343 465,201,402 306,575,184
<CGS> 506,567,663 371,517,403 244,535,898
<TOTAL-COSTS> 506,567,663 371,517,403 244,535,898
<OTHER-EXPENSES> 0 0 0
<LOSS-PROVISION> 2,112,015 1,687,889 1,528,950
<INTEREST-EXPENSE> 5,976,262 4,745,048 3,508,216
<INCOME-PRETAX> 17,026,701 11,598,091 6,154,113
<INCOME-TAX> 6,636,244 4,640,717 2,570,854
<INCOME-CONTINUING> 9,457,528 6,024,445 2,650,330
<DISCONTINUED> 0 0 0
<EXTRAORDINARY> 932,929 932,929 932,929
<CHANGES> 0 0 0
<NET-INCOME> 9,457,528 6,024,445 2,650,330
<EPS-PRIMARY> 0.54 0.36 0.17
<EPS-DILUTED> 0.54 0.36 0.17
</TABLE>