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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 02, 2020
Apr. 27, 2019
May 02, 2020
Apr. 27, 2019
Income Statement [Abstract]        
Net sales $ 6,667,681 $ 5,962,620 $ 18,824,870 $ 14,979,982
Cost of sales 5,811,151 5,174,070 16,421,838 13,017,318
Gross profit 856,530 788,550 2,403,032 1,962,664
Operating expenses 774,376 737,681 2,300,635 1,852,768
Goodwill and asset impairment (adjustment) charges 0 (38,250) 425,405 332,621
Restructuring, acquisition and integration related expenses 10,449 19,438 54,385 134,567
Operating income (loss) 71,705 69,681 (377,393) (357,292)
Other expense (income):        
Net periodic benefit income, excluding service cost (12,758) (10,941) (27,419) (22,691)
Interest expense, net 47,108 54,917 145,247 121,149
Other, net (973) 958 (1,539) 231
Total other expense, net 33,377 44,934 116,289 98,689
Income (loss) from continuing operations before income taxes 38,328 24,747 (493,682) (455,981)
Benefit for income taxes (14,849) (8,027) (106,330) (104,091)
Net income (loss) from continuing operations 53,177 32,774 (387,352) (351,890)
Income from discontinued operations, net of tax 37,192 24,370 64,253 47,847 [1]
Net income (loss) including noncontrolling interests 90,369 57,144 (323,099) (304,043)
Less net (income) loss attributable to noncontrolling interests (2,238) (52) (3,407) 116
Net income (loss) attributable to United Natural Foods, Inc. $ 88,131 $ 57,092 $ (326,506) $ (303,927)
Basic earnings (loss) per share:        
Continuing operations $ 0.99 $ 0.64 $ (7.24) $ (6.93)
Discontinued operations 0.65 0.48 1.14 0.95
Basic earnings (loss) per share 1.64 1.12 (6.10) (5.99)
Diluted earnings (loss) per share:        
Continuing operations 0.96 0.64 (7.24) (6.93)
Discontinued operations 0.63 [2] 0.48 1.12 [2] 0.94
Diluted earnings (loss) per share $ 1.60 $ 1.12 $ (6.10) $ (5.99)
Weighted average shares outstanding:        
Basic 53,718 50,846 53,485 50,748
Diluted 55,217 50,964 53,485 50,748
[1]
These results reflect retail operations from the Supervalu acquisition date of October 22, 2018 to April 27, 2019.
[2]
The computation of diluted earnings per share from discontinued operations is calculated using diluted weighted average shares outstanding, which includes the net effect of dilutive stock awards and 821 thousand and 275 thousand shares for fiscal 2020 and 2019 year-to-date, respectively.