Earnings summaries and quarterly performance for UNITED NATURAL FOODS.
Executive leadership at UNITED NATURAL FOODS.
Sandy Douglas
Detailed
Chief Executive Officer
CEO
DB
Danielle Benedict
Detailed
Chief Human Resources Officer
DB
David Best
Detailed
President and Chief Executive Officer, Retail
LM
Louis Martin
Detailed
President of Conventional Grocery Products and Chief Commercial Officer
MH
Mahrukh Hussain
Detailed
General Counsel and Corporate Secretary
MB
Mark Bushway
Detailed
President of Natural, Organic, Specialty and Fresh Products and Chief Supply Chain Officer
MT
Matteo Tarditi
Detailed
President and Chief Financial Officer
ME
Matthew Echols
Chief Corporate Affairs Officer
Board of directors at UNITED NATURAL FOODS.
Research analysts who have asked questions during UNITED NATURAL FOODS earnings calls.
John Heinbockel
Guggenheim Partners
8 questions for UNFI
Also covers: ACI, ASO, COST +14 more
LJ
Leah Jordan
Goldman Sachs Group, Inc.
7 questions for UNFI
Also covers: ACI, CAG, GIS +8 more
Mark Carden
UBS
7 questions for UNFI
Also covers: ACI, AZO, BJ +8 more
Scott Mushkin
R5 Capital
7 questions for UNFI
Also covers: ACI, COST, NGVC +2 more
Kelly Bania
BMO Capital Markets
6 questions for UNFI
Also covers: ACI, ARKO, CASY +11 more
CC
Chuck Cerankosky
Northcoast Research
5 questions for UNFI
Also covers: CASY, KR, NGVC +4 more
Edward Kelly
Wells Fargo
4 questions for UNFI
Also covers: ACI, BJ, COST +11 more
AS
Alexander Slagle
Jefferies
3 questions for UNFI
Also covers: BJRI, BLMN, CHEF +10 more
AP
Andrew Paul Wolf
CL King & Associates
3 questions for UNFI
Also covers: BJRI, CBRL, CHEF +9 more
BK
Bill Kirk
Roth Capital Partners, LLC
3 questions for UNFI
Also covers: ACB, CGC, GO +7 more
WR
William Reuter
Bank of America
3 questions for UNFI
Also covers: ACCO, ADV, ARKO +11 more
JP
John Parke
Wells Fargo
2 questions for UNFI
PS
Peter Saleh
BTIG
2 questions for UNFI
Also covers: BYND, CHEF, DPZ +13 more
Benjamin Wood
BMO Capital Markets
1 question for UNFI
Also covers: ARKO, SPTN
BW
Ben Wood
Wilsons Advisory
1 question for UNFI
Also covers: CASY, MTAL
CC
Charles Cerankosky
Northcoast Research
1 question for UNFI
Also covers: ACI, CASY, COST +5 more
MR
Matthew Rothway
UBS
1 question for UNFI
Also covers: GO, OLLI, PFGC +1 more
WK
William Kirk
ROTH MKM
1 question for UNFI
Also covers: ACB, ACI, CGC +10 more
Recent press releases and 8-K filings for UNFI.
UNFI Holds FY 2025 Annual Meeting, Approves Proposals, and Reports on Strategy
UNFI
Proxy Vote Outcomes
Executive Compensation
New Projects/Investments
- United Natural Foods, Inc. (UNFI) held its Annual Meeting of Stakeholders on December 16, 2025, for Fiscal Year 2025.
- Stakeholders approved all four proposals, including the election of 10 director nominees, ratification of KPMG LLP as the independent auditor for FY 2026, advisory approval of executive compensation, and the Fifth Amended and Restated 2020 Equity Incentive Plan.
- CEO Sandy Douglas reported that FY 2025 financial performance was in line with or above initial guidance for key metrics, driven by the company's refresh strategy.
- Despite incurring GAAP losses due to strategic actions and non-cash charges, UNFI generated $239 million of free cash flow in fiscal 2025, which allowed for a reduction in year-end debt to its lowest level since 2018.
Dec 16, 2025, 8:30 PM
UNFI Announces Preliminary Voting Results and Strategic Update at FY 2025 Annual Meeting
UNFI
Proxy Vote Outcomes
Executive Compensation
New Projects/Investments
- At its annual meeting on December 16, 2025, United Natural Foods, Inc. (UNFI) stakeholders elected 10 director nominees, ratified KPMG LLP as the independent auditor for fiscal year 2026, approved executive compensation on an advisory basis, and approved the Fifth Amended and Restated 2020 Equity Incentive Plan.
- The company reported that its fiscal year 2025 financial performance was in line with or above initial guidance for key financial metrics, driven by its "refresh strategy".
- Strategic actions in fiscal year 2025 included consolidating four distribution centers, investing in automation, and deploying lean daily management, which contributed to debt reduction to its lowest level since 2018.
- Despite incurring GAAP losses in the past two fiscal years, primarily due to non-cash charges and strategic actions, UNFI generated $239 million in free cash flow in fiscal year 2025.
- The new fiscal year (FY 2026) has started strong, with growth, Adjusted EBITDA, and free cash flow meaningfully above last year's first quarter.
Dec 16, 2025, 8:30 PM
UNFI Holds FY 2025 Annual Meeting, Approves Proposals, and Discusses Strategic Progress
UNFI
Proxy Vote Outcomes
Executive Compensation
New Projects/Investments
- United Natural Foods, Inc. (UNFI) held its Annual Meeting of Stakeholders on December 16, 2025, where all 10 director nominees were elected, and proposals including the ratification of KPMG LLP as auditor, advisory approval of executive compensation, and the Fifth Amended and Restated 2020 Equity Incentive Plan were approved.
- CEO Sandy Douglas reported that fiscal 2025 financial performance was in line with or above initial guidance, driven by the refresh strategy, and the new fiscal year is off to a solid start with growth, Adjusted EBITDA, and free cash flow meaningfully above last year's first quarter.
- The company consolidated four distribution centers, invested in automation, and deployed Lean Daily Management across 34 distribution centers, resulting in $239 million of free cash flow generated in fiscal 2025 and year-end debt reduced to its lowest level since 2018, despite GAAP losses due to strategic action costs.
Dec 16, 2025, 8:30 PM
UNFI Outlines Fiscal 2028 Financial Commitments and Strategic Focus
UNFI
Guidance Update
New Projects/Investments
- UNFI reported fiscal 2025 annual revenue of just under $32 billion and Adjusted EBITDA of over $550 million at a 1.7% margin, successfully reducing its leverage ratio from four times to 3.3 times.
- The company outlined new financial commitments through fiscal 2028, targeting low single-digit top-line growth and low double-digit Adjusted EBITDA growth annually, with an expected Adjusted EBITDA of approximately $800 million and a 2.4% margin by fiscal 2028.
- UNFI anticipates generating $300 million in annual Free Cash Flow and aims to reduce Net Leverage to less than two and a half times by the end of fiscal 2026 and under two times by the end of fiscal 2027.
- The company's strategy focuses on adding value for customers and suppliers and improving operational effectiveness and efficiency, serving a $90 billion target market primarily through its Natural products (nearly half of sales, 70% of EBITDA) and Conventional products (44% of sales, nearly 30% of profitability) segments.
Dec 10, 2025, 2:00 PM
UNFI Outlines Financial Commitments and Strategy Through Fiscal 2028
UNFI
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- UNFI introduced new financial commitments through fiscal 2028, targeting low single-digit top-line growth and low double-digit Adjusted EBITDA growth on an average annual basis, while delivering $300 million in annual free cash flow.
- The company expects to achieve Adjusted EBITDA of around $800 million in fiscal 2028, representing an approximate Adjusted EBITDA margin of 2.4%, an improvement of approximately 65 basis points versus fiscal 2025.
- UNFI aims to reduce Net Leverage to less than 2.5 times by the end of fiscal 2026 and further to under 2 times by the end of fiscal 2027.
- The strategy focuses on adding value for customers and suppliers through differentiated products, programs, and services, and becoming a more effective and efficient company through initiatives like technology and innovation, next-generation supply chain, and productivity.
- The Value Delivery Office, established in fiscal 2025, is expected to deliver over $100 million of Adjusted EBITDA improvement between fiscal 2025 and 2026 through functional SG&A efficiency and network optimization.
Dec 10, 2025, 2:00 PM
UNFI Outlines Fiscal 2028 Financial Commitments and Strategic Roadmap
UNFI
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- UNFI reported fiscal 2025 annual revenue of just under $32 billion and adjusted EBITDA of over $550 million at a 1.7% margin.
- The company introduced new financial commitments through fiscal 2028, targeting low single-digit top-line growth and low double-digit Adjusted EBITDA growth on an average annual basis, aiming for approximately $800 million in Adjusted EBITDA by fiscal 2028 with an approximate 2.4% Adjusted EBITDA margin.
- UNFI expects to generate approximately $300 million in annual Free Cash Flow through fiscal 2028 and aims to reduce Net Leverage to under two times by the end of fiscal 2027, maintaining this level through fiscal 2028.
- Strategic initiatives to achieve these goals include enhancing customer value, merchandising, professional and digital services, growing private brands, and improving effectiveness and efficiency through technology investments (e.g., RELEX, ERP, AI) and supply chain optimization.
Dec 10, 2025, 2:00 PM
UNFI Outlines Long-Term Financial Targets and Value Creation Strategy
UNFI
Guidance Update
New Projects/Investments
- United Natural Foods, Inc. (UNFI) is hosting its 2025 Investor Day on December 10, 2025, to outline its value creation strategy and long-term financial targets through fiscal 2028.
- UNFI targets low-single digit average annual net sales growth, aiming for ~$33 billion by fiscal 2028.
- The company expects low-double digit average annual Adjusted EBITDA growth, targeting ~$800 million by fiscal 2028.
- UNFI projects approximately $300 million in annual free cash flow from fiscal 2026 to fiscal 2028.
Dec 10, 2025, 1:35 PM
UNFI Outlines Value Creation Strategy and Long-Term Financial Targets
UNFI
Guidance Update
New Projects/Investments
- United Natural Foods, Inc. (UNFI) is hosting its 2025 Investor Day to detail its value creation strategy and long-term financial targets for Fiscal 2025 to Fiscal 2028.
- The company projects net sales growth at a low-single digit average annual rate, aiming for approximately $33 billion by fiscal 2028.
- UNFI targets Adjusted EBITDA growth at a low-double digit average annual rate, reaching approximately $800 million by fiscal 2028.
- It expects to generate approximately $300 million in annual free cash flow from fiscal 2026 to fiscal 2028.
Dec 10, 2025, 12:30 PM
UNFI Reports Q1 FY26 Results with Strong Profitability Growth and Affirms Full-Year Outlook
UNFI
Earnings
Guidance Update
- UNFI reported Q1 FY26 net sales of $7,840 million, a 0.4% decrease year-over-year, which was impacted by network optimization actions.
- Adjusted EBITDA grew by 24.6% to $167 million, and Adjusted EPS increased by 250.0% to $0.56 for Q1 FY26, driven by benefits of network optimization and a focus on enhancing effectiveness and efficiency.
- The company continued to reduce its net debt, which stood at $1,897 million in Q1 FY26, down $331 million year-over-year, leading to an improved net leverage ratio of 3.2x from 4.2x in Q1 FY25.
- UNFI affirmed its fiscal 2026 outlook, projecting net sales between $31.6 billion and $32.0 billion, Adjusted EBITDA between $630 million and $700 million, and Adjusted EPS between $1.50 and $2.30.
Dec 2, 2025, 1:30 PM
UNFI Reports Q1 Fiscal 2026 Results, Affirms Full-Year Outlook
UNFI
Earnings
Guidance Update
New Projects/Investments
- UNFI reported Q1 Fiscal 2026 sales of $7.8 billion, which were roughly flat year-over-year, driven by 11% growth in the natural segment and a 12% decline in conventional sales primarily due to network optimization.
- Profitability significantly improved, with Adjusted EBITDA reaching $167 million, up nearly 25% year-over-year, and Adjusted EPS at $0.56 compared to $0.16 in the prior year.
- The company reduced its net leverage ratio sequentially to 3.2 times, a full turn lower than last year, and remains confident in achieving its target of below 2.5 times by fiscal year-end.
- UNFI affirmed its Fiscal 2026 outlook, projecting sales between $31.6 billion and $32 billion, Adjusted EBITDA of $630 million to $700 million, and Adjusted EPS of $1.50 to $2.30 per share.
- Operational improvements include the deployment of RELEX supply chain technology across about half of its distribution network and the implementation of lean daily management in 34 DCs, contributing to improved customer fill rates and inventory effectiveness.
Dec 2, 2025, 1:30 PM
Quarterly earnings call transcripts for UNITED NATURAL FOODS.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more