UNFI · NYSE · Food Distribution

United Natural Foods (UNFI)

Distributes broad grocery assortments and store services to U.S. and Canadian retailers.

$45.70
vs last close−0.53 (−1.15%)
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United Natural Foods, Inc.UNFI
Consumer Staples

Sells natural, organic, specialty, fresh, and conventional groceries and non-food products to retailers across the United States and Canada, supplemented by private labels and store-support services. Wholesale distribution generates most sales and product margins primarily come from markups or fees over procurement costs, while Cub Foods and Shoppers provide a smaller retail channel.

Distributes natural, organic, specialty, fresh, conventional grocery and non-food products through Natural and Conventional wholesale segments across the United States and Canada. Retail adds Cub Foods and Shoppers grocery and liquor stores. Brands+ private labels widen the assortment, while professional, digital, and supplier services cover shelf management, pricing, data, marketing, and store technology.

Coordinates purchasing from thousands of suppliers, regional inventory, warehouse automation, and transportation across a coast-to-coast network, giving independent retailers and grocery chains broad assortments and store-support tools from one distributor. Product margins are typically earned through markups or fees above procurement cost.

A single Natural customer provides about one quarter of sales. Operations depend on principal-customer retention, unionized labor, food-safety and organic-handling compliance, and reliable ordering, warehouse, and transportation systems.

Company facts

CEOJames Alexander Miller Douglas Jr.
ListedNov 1, 1996
ExchangeNYSE
HeadquartersProvidence, RI
CountryUnited States
Employees25,600
CIK0001020859
ISINUS9111631035

Market cap$2.80B
EPS (ttm)$1.34
P/E (ttm)34.39
ROE5.3%
P/B1.73
P/S0.0898
Dividend yieldDiv yield
Beta0.50vs XLP 0.72

Price target$48.50+4.9%Average of 43 analysts
ConsensusHold26 of 43 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 10, 2026Roth CapitalReiterate
Rating: Target: $43
Rating: NeutralTarget: $45
Sep 9, 2026UBSReiterate
Rating: Target: $47
Rating: NeutralTarget: $50
Sep 9, 2026BMO CapitalReiterate
Rating: Target: $56
Rating: OutperformTarget: $61
Jun 10, 2026Goldman SachsTarget
Target: $22
Target: $47
Jun 10, 2026UBSReiterate
Rating: Target: $44
Rating: NeutralTarget: $47

Next report
Dec 1, 26
in 70 days
EPS estimate
$0.67
Revenue estimate
$7.79B
Fiscal quarter
Q1 FY27

EPSReportedEstimate

Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26Dec '26
Reported$0.22$0.44−$0.11$0.56$0.62$0.77$0.69Pending
Estimate$0.18$0.24−$0.27$0.40$0.51$0.78$0.61$0.67
Surprise+22.2%+83.3%+59.3%+40.3%+21.6%−1.7%+12.7%

RevenueReportedEstimate

Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26Dec '26
Reported$8.16B$8.06B$7.70B$7.84B$7.95B$7.72B$7.64BPending
Estimate$7.96B$7.78B$7.64B$7.91B$8.11B$7.79B$7.71B$7.79B
Surprise+2.4%+3.6%+0.7%−0.9%−2.0%−0.9%−0.8%
Estimate$0.67
ReportedDue Dec 1, 2026
Estimate$7.79B
ReportedDue Dec 1, 2026
View details

Debt to equity187.20%
Current ratio128.70%

ProfitabilityRevenueNet incomeNet margin

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue$7.87B$8.16B$8.06B$7.70B$7.84B$7.95B$7.72B$7.64B
Net income−$21.0M−$3.0M−$7.0M−$87.0M−$4.0M$20.0M$33.0M$35.0M
Net margin0.0%0.0%0.0%0.0%0.0%0.3%0.4%0.5%

GrowthOperating income

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Operating income$23.0M$41.0M$15.0M−$78.0M$74.0M$95.0M$95.0M$76.0M
YoY growthTurned profit+5.1%−60.5%Turned loss+221.7%+131.7%+533.3%Turned profit

Balance sheet, Aug 1, 2026Cash & short-term investments $37.0M · Total debt $3.04B · Total assets $7.11B · Shareholders' equity $1.62B

Revenue
$7.64B
Operating income
$76.0M
Net income
$35.0M
View details

No dividends on record.

Institutions96.37%58.13M shares
373 holders · as of Jun 30, 2026
Insiders4.09%2.47M shares
21 holders · as of Sep 14, 2026
Adds to100.46%

60.32M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 100.46%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
17.34%10.46Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
7.40%4.47Mas of Jun 30, 2026
American Century Companies IncInstitution
6.42%3.87Mas of Jun 30, 2026
Dimensional Fund Advisors LPInstitution
5.86%3.53Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.29%2.59Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 23, 2026Mark Bushwayofficer: President, Natural & CSCO−10,000$51.56
May 6, 2026Danielle Benedictofficer: Chief Human Resources Officer−4,807$52.00
Jan 2, 2026James C. Pappasdirector+15,000$33.76
Jan 5, 2026James C. Pappasdirector+2,000$33.30
Dec 22, 2025Louis Anthony Martinofficer: President, Conventional & CCO−9,439$34.67
View details

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