NYSE: UNFI
UNITED NATURAL FOODS INCCIK 0001020859 · SIC 5141 · Wholesale-Groceries, General Line
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UNFI swings to profit, repurchases $50M stock, and launches new up to $200M buyback
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UNFI reshuffles C-suite: Tarditi appointed President and COO, retaining the President title (previously CFO), Alfredo Luchini hired as new CFO
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UNFI refinances $371M term loan, cuts interest rate by 75 basis points
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UNFI reports Q3 earnings beat with 16.6% EBITDA growth, cuts debt to lowest since 2018
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UNFI: revenue $7.72B, net income $33.0M. UNFI swings to Q3 profit on cost cuts despite 4% sales decline; debt down
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UNFI refinances $2.6B credit facility into $2.4B facility maturing 2031
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Latest financial statements
From 10-K filed Sep 14, 2026 (period ending Aug 1, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations
(in millions, except for per share data)
| Description | Fiscal year ended August 1, 2026 (52 weeks) | Fiscal year ended August 2, 2025 (52 weeks) | Fiscal year ended August 3, 2024 (53 weeks) |
|---|---|---|---|
| Net sales | 31,152 | 31,784 | 30,980 |
| Cost of sales | 26,956 | 27,562 | 26,779 |
| Gross profit | 4,196 | 4,222 | 4,201 |
| Operating expenses | 3,906 | 4,117 | 4,100 |
| Restructuring, acquisition and integration related expenses | 52 | 94 | 36 |
| Loss (gain) on sale of assets and other asset charges | 27 | 42 | 57 |
| Operating income (loss) | 211 | (31) | 8 |
| Net periodic benefit income, excluding service cost | (23) | (20) | (15) |
| Interest expense, net | 126 | 146 | 162 |
| Other expense (income), net | 6 | (3) | (2) |
| Income (loss) before income taxes | 102 | (154) | (137) |
| Provision (benefit) for income taxes | 18 | (39) | (27) |
| Net income (loss) including noncontrolling interests | 84 | (115) | (110) |
| Less net income attributable to noncontrolling interests | — | (3) | (2) |
| Net income (loss) attributable to United Natural Foods, Inc. | 84 | (118) | (112) |
| Basic earnings (loss) per share | 1.39 | (1.95) | (1.89) |
| Diluted earnings (loss) per share | 1.34 | (1.95) | (1.89) |
| Weighted average shares outstanding: | |||
| Basic | 60.7 | 60.2 | 59.3 |
| Diluted | 62.8 | 60.2 | 59.3 |
Consolidated Balance Sheets
(in millions, except for par values)
| Description | August 1, 2026 | August 2, 2025 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | 37 | 44 |
| Accounts receivable, net | 921 | 1,093 |
| Inventories, net | 1,946 | 2,095 |
| Prepaid expenses and other current assets | 234 | 191 |
| Total current assets | 3,138 | 3,423 |
| Property and equipment, net | 1,716 | 1,749 |
| Operating lease assets | 1,334 | 1,474 |
| Goodwill | 19 | 19 |
| Intangible assets, net | 509 | 576 |
| Deferred income taxes | 158 | 162 |
| Other long-term assets | 235 | 192 |
| Total assets | 7,109 | 7,595 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Accounts payable | 1,771 | 1,875 |
| Accrued expenses and other current liabilities | 305 | 319 |
| Accrued compensation and benefits | 214 | 227 |
| Current portion of operating lease liabilities | 143 | 173 |
| Current portion of long-term debt and finance lease liabilities | 5 | 8 |
| Total current liabilities | 2,438 | 2,602 |
| Long-term debt | 1,561 | 1,859 |
| Long-term operating lease liabilities | 1,316 | 1,400 |
| Long-term finance lease liabilities | 10 | 11 |
| Pension and other postretirement benefit obligations | 13 | 14 |
| Other long-term liabilities | 149 | 155 |
| Total liabilities | 5,487 | 6,041 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value, authorized 5.0 shares; none issued or outstanding | — | — |
| Common stock, $0.01 par value, authorized 100.0 shares; 64.0 shares issued and 60.3 shares outstanding at August 1, 2026; 63.1 shares issued and 60.6 shares outstanding at August 2, 2025 | 1 | 1 |
| Additional paid-in capital | 690 | 658 |
| Treasury stock at cost | (136) | (86) |
| Accumulated other comprehensive loss | (38) | (42) |
| Retained earnings | 1,104 | 1,020 |
| Total United Natural Foods, Inc. stockholders’ equity | 1,621 | 1,551 |
| Noncontrolling interests | 1 | 3 |
| Total stockholders’ equity | 1,622 | 1,554 |
| Total liabilities and stockholders’ equity | 7,109 | 7,595 |
Consolidated Statements of Cash Flows
(in millions)
| Description | Fiscal year ended August 1, 2026 (52 weeks) | Fiscal year ended August 2, 2025 (52 weeks) | Fiscal year ended August 3, 2024 (53 weeks) |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income (loss) including noncontrolling interests | 84 | (115) | (110) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 303 | 321 | 319 |
| Share-based compensation | 61 | 43 | 39 |
| Loss (gain) on sale of assets | (12) | (4) | (7) |
| Long-lived asset impairment charges | 30 | 25 | 43 |
| Net pension and other postretirement benefit income | (23) | (20) | (15) |
| Deferred income tax expense (benefit) | 27 | (56) | (49) |
| LIFO charge (benefit) | 19 | (2) | 7 |
| Provision for losses on receivables | 34 | 3 | 3 |
| Loss on debt extinguishment | 2 | 4 | — |
| Non-cash interest expense and other adjustments | 5 | 5 | 18 |
| Changes in operating assets and liabilities: | |||
| Accounts and notes receivable | 131 | (142) | (68) |
| Inventories | 130 | 87 | 104 |
| Prepaid expenses and other assets | 115 | 276 | (157) |
| Accounts payable | (119) | 200 | (81) |
| Accrued expenses and other liabilities | (247) | (155) | 207 |
| Net cash provided by operating activities | 540 | 470 | 253 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Payments for capital expenditures | (217) | (231) | (345) |
| Proceeds from dispositions of assets | 56 | 30 | 25 |
| Payments for investments | (14) | (18) | (23) |
| Other investing | 6 | 1 | 1 |
| Net cash used in investing activities | (169) | (218) | (342) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Proceeds from borrowings under revolving credit line | 3,524 | 3,528 | 2,571 |
| Proceeds from issuance of other loans | 3 | 13 | 15 |
| Repayments of borrowings under revolving credit line | (3,660) | (3,642) | (2,270) |
| Repayments of long-term debt and finance leases | (167) | (124) | (191) |
| Repurchases of common stock | (50) | — | — |
| Payments of employee restricted stock tax withholdings | (15) | (10) | (7) |
| Payments for debt issuance costs | (8) | (1) | (18) |
| Distributions to noncontrolling interests | (2) | (4) | (4) |
| Repayments of other loans | (2) | (8) | (2) |
| Other financing | — | — | (2) |
| Net cash (used in) provided by financing activities | (377) | (248) | 92 |
| EFFECT OF EXCHANGE RATE ON CASH | (1) | — | — |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (7) | 4 | 3 |
| Cash and cash equivalents, at beginning of period | 44 | 40 | 37 |
| Cash and cash equivalents, at end of period | 37 | 44 | 40 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid for interest | 127 | 147 | 159 |
| Additions of property and equipment included in Accounts payable | 24 | 7 | 21 |
Amounts as printed on the EDGAR/iXBRL face — (in millions, except for per share data); (in millions, except for par values); (in millions). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗