An adjustable blade assembly includes a threaded hub coupleable to a drive shaft of a food processor and a slicing plate slidably mounted on the hub. A slicing blade couples to the hub above a first surface of the slicing plate for cutting food introduced into the food processor. A cannulated support collar couples to the hub and includes a plurality of detents. A slicing adjustment sleeve rotatably couples to the hub and to the support collar to move the slicing plate up and down relative to the hub, thus changing a selected distance between the slicing plate and the slicing blade. As the user rotates the slicing adjustment sleeve, a plunger housed inside the slicing adjustment sleeve engages the plurality of detents on the support collar, thus providing tactile feedback to the user and maintaining the slicing blade in the desired position relative to the slicing plate.