5 unchanged sentences
We anticipate that all of our earnings in the foreseeable future will be retained to finance the continued growth and development of our business and repay our outstanding indebtedness, and we have no current intention to pay cash dividends.
−Removed: Our future dividend policy will depend on our earnings, capital requirements and financial condition, requirements of the financing agreements to which we are then a party and other factors considered relevant by our Board of Directors.
+Added: Our future dividend policy will depend on our earnings, capital requirements, financial condition and other factors considered relevant by our Board of Directors.
Additionally, our ABL Credit Facility and Term Loan Facility contain terms that limit our ability to make any cash dividends unless certain conditions and financial tests are met.
Comparative Stock Performance
−Removed: The following graph compares the yearly change in cumulative total stockholder returns on our common stock for the last five fiscal years with the cumulative return on the Standard & Poor’s (“S&P”) S&P SmallCap 600 Index , the S&P SmallCap 600 Food Distributors Index , the Fiscal 2018 Industry Peer Group , and the Fiscal 2018 NASDAQ Composite Index .
+Added: The following graph compares the yearly change in cumulative total stockholder returns on our common stock for the last five fiscal years with the cumulative return on the Standard & Poor’s (“S&P”) S&P SmallCap 600 Index and the S&P SmallCap 600 Food Distributors Index .
The comparison assumes the investment of $100 on August 1, 2015 in our common stock and in each of the indices and, in each case, assumes reinvestment of all dividends.
2 unchanged sentences
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN
−Removed: Among United Natural Foods, Inc., the S&P SmallCap 600 (1) , the S&P SmallCap 600 Food Distributors (2) , the Fiscal 2018 NASDAQ Composite Index (1) , and the Fiscal 2018 Industry Peer Group (2)
−Removed: In fiscal 2019, we transferred the trading of our common stock to the NYSE from the NASDAQ, and determined that the performance of our common stock should be compared against a broad market index that includes our common stock and companies traded on the same stock exchange.
−Removed: Accordingly, we provide a comparison of our performance against the S&P SmallCap 600, in addition to the NASDAQ Composite, the broad equity market index against which our performance had been compared in prior years.
−Removed: In fiscal 2019, we acquired Supervalu, one of two companies (Supervalu and SYSCO Corporation) within our selected fiscal 2018 Industry Peer Group.
−Removed: We determined it was more representative to compare our performance against the S&P SmallCap 600 Food Distributors Index, which includes SpartanNash Company, The Andersons, Inc., The Chef’s Warehouse, Inc.
−Removed: August 2, 2014
+Added: Among United Natural Foods, Inc., the S&P SmallCap 600, the S&P SmallCap 600 Food Distributors (1)
+Added: Our selected industry peer group reflects the S&P SmallCap 600 Food Distributors Index, which includes SpartanNash Company, The Andersons, Inc., The Chef’s Warehouse, Inc.
August 1, 2015
3 unchanged sentences
August 3, 2019
+Added: August 1, 2020
United Natural Foods, Inc
1 unchanged sentence
S&P SmallCap 600 Food Distributors Index
−Removed: Fiscal 2018 Industry Peer Group
−Removed: Fiscal 2018 NASDAQ Composite Index
SELECTED FINANCIAL DATA
7 unchanged sentences
Our acquisition of Supervalu, which closed on October 22, 2018, and the acquisitions discussed in Part I.
−Removed: of this Annual Report, significantly impacts the comparability of reported results between periods.
+Added: of this Annual Report, significantly impact the comparability of reported results between periods.
+Added: In addition, we have revised the following table for the immaterial error correction discussed in Note 20—Immaterial Correction to Prior Period Financial Statements and the presentation of Retail within continuing operations discussed in Note 1—Significant Accounting Policies , both included within Part II, Item 8 of this Annual Report on Form 10-K.
Consolidated Statements of Operations Data:
+Added: (52 weeks) (1)
+Added: (52 weeks) (1)
(In thousands, except per share data)
3 unchanged sentences
Restructuring, acquisition and integration related expenses
+Added: Loss (gain) on sale of assets
Operating (loss) income
10 unchanged sentences
Consolidated Balance Sheets Data:
+Added: July 29, 2017 (1)
+Added: July 30, 2016 (1)
Working capital
−Removed: Total long-term debt and capital leases, excluding current portion (2)
+Added: Total long-term debt and finance leases, excluding current portion
Total stockholders’ equity
−Removed: The line item presentation of Goodwill and asset impairment charges and Restructuring, acquisition and integration related expenses incurred in fiscal years 2018 and prior have been recast to conform with the current period presentation.
−Removed: The line item presentation of total long-term debt and capital leases, excluding current portion has been recast for fiscal years 2018 and prior to conform with the current period presentation and to include the long-term portion of our revolving credit facility.
+Added: The correction of the immaterial error described in Note 20—Immaterial Correction to Prior Period Financial Statements resulted in changes to prior year amounts not included in the Consolidated Financial Statements, which included an increase in Cost of sales of $2.4 million and $4.2 million in fiscal 2017 and 2016, respectively, a decrease in the provision for income taxes of $1.0 million and $1.6 million in fiscal 2017 and 2016, and a decrease in Retained earnings of $4.0 million and $2.5 million for fiscal 2017 and 2016, respectively.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.