12:59 PM EDT, 06/10/2025 (MT Newswires) -- United Natural Foods ( UNFI ) said Tuesday it is not updating its full-year sales and adjusted earnings outlook due to an ongoing assessment of a recent cybersecurity incident, even as the company reported better-than-expected fiscal third-quarter results.

The grocery wholesaler continues to project adjusted earnings at $0.70 to $0.90 a share for fiscal 2025 and sales to come in between $31.3 billion and $31.7 billion. The current consensus on FactSet is for non-GAAP EPS of $0.83 and sales of $31.61 billion.

United Natural Foods ( UNFI ) disclosed in a Monday regulatory filing that it identified "unauthorized activity" on some of its information technology systems last week. The company implemented containment measures to tackle the incident, temporarily impacting its ability to fulfill and distribute customer orders. It also said at the time that it expected the incident to continue to cause temporary disruptions to its business.

"We have implemented workarounds for certain operations in order to continue servicing our customers where possible and we're continuing to safely bring our systems back online and restore broad based customer service as soon as possible," Chief Executive Sandy Douglas said on an earnings conference call Tuesday, according to a FactSet transcript.

The company's shares were down 7.5% in afternoon trade. The stock has lost nearly 12% in value so far this year.

The company "would have raised" its key non-GAAP financial metrics outlook if not for the unauthorized activity, Chief Financial Officer Matteo Tarditi said on the call. "Otherwise, our underlying business momentum has been accelerating as we have been executing our strategic plan."

On a GAAP basis, United Natural Foods ( UNFI ) now expects to record a per-share loss of $0.90 to $1.30 for fiscal 2025, compared with its previous guidance range calling for a loss of $0.15 to earnings of $0.05. The revised outlook reflects costs and charges linked to the exit of a customer contract and the optimization of the company's distribution network in the Northeast, it said in a statement.

For the quarter ended May 3, adjusted EPS jumped to $0.44 from $0.10 a year earlier, topping Wall Street's views for $0.22. Sales improved 7.5% to $8.06 billion, ahead of the Street's call for $7.78 billion, mainly driven by wholesale unit volume gains of 4%, as well as inflation.

Revenue in the natural products segment jumped 12%, "primarily reflecting higher sales and category penetration with existing customers," Tarditi said. Conventional sales rose 2.7%, "reflecting new business wins in new categories over the past four quarters," according to the CFO. Retail sales edged up 0.4%.

United Natural Foods ( UNFI ) expects "moderate impacts" from tariffs for the rest of the year and is continuing to monitor the ongoing situation closely, Tarditi told analysts.

Trade discussions between US and Chinese officials reportedly continued Tuesday in the UK. Previously, the two sides accused each other of violating their preliminary trade deal reached in May.

Price: 24.45, Change: -1.50, Percent Change: -5.78