United Natural Foods (UNFI)
Distributes broad grocery assortments and store services to U.S. and Canadian retailers.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | Roth Capital | Reiterate | Rating: —Target: $43 | Target: $45 |
| Sep 9, 2026 | UBS | Reiterate | Rating: —Target: $47 | Target: $50 |
| Sep 9, 2026 | BMO Capital | Reiterate | Rating: —Target: $56 | Target: $61 |
| Jun 10, 2026 | Goldman Sachs | Target | Target: $22 | Target: $47 |
| Jun 10, 2026 | UBS | Reiterate | Rating: —Target: $44 | Target: $47 |
EPSReportedEstimate
RevenueReportedEstimate
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
No dividends on record.
| Institutions | 96.37% | 58.13M shares | |
|---|---|---|---|
| 373 holders · as of Jun 30, 2026 | |||
| Insiders | 4.09% | 2.47M shares | |
| 21 holders · as of Sep 14, 2026 | |||
| Adds to | 100.46% | ||
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
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 17.34% | 10.46M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.40% | 4.47M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 6.42% | 3.87M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.86% | 3.53M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.29% | 2.59M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 23, 2026 | Mark Bushway | officer: President, Natural & CSCO | −10,000 | $51.56 |
| May 6, 2026 | Danielle Benedict | officer: Chief Human Resources Officer | −4,807 | $52.00 |
| Jan 2, 2026 | James C. Pappas | director | +15,000 | $33.76 |
| Jan 5, 2026 | James C. Pappas | director | +2,000 | $33.30 |
| Dec 22, 2025 | Louis Anthony Martin | officer: President, Conventional & CCO | −9,439 | $34.67 |
- Performance Food Group
Broad food and convenience distribution overlap
- Sysco
Large-scale food distribution and wholesale-channel overlap
- US Foods
Broadline distributor adjacent to conventional grocery supply
- Kroger
Grocery retail and self-distribution pressure
- Walmart
Omnichannel grocery scale and self-distribution pressure
- Albertsons Companies
Supermarket competition and self-distribution overlap
- AMCON Distributing Company
Regional convenience and grocery wholesale overlap
- The Chefs' Warehouse
Specialty and fresh food distribution overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| United Natural Foods | $45.70 | −1.15% | $2.80B | 34.4 | 13.7 | 0.1 | −0.7% |
| Performance Food Group | $92.84 | +0.47% | $14.52B | 40.4 | 16.5 | 0.2 | +6.4% |
| Sysco | $78.52 | +0.11% | $37.50B | 21.4 | 15.6 | 0.4 | +4.7% |
| US Foods | $94.51 | +0.30% | $20.75B | 29.0 | 18.2 | 0.5 | +4.5% |
| Kroger | $58.95 | −1.25% | $36.57B | 32.3 | 11.8 | 0.2 | +2.0% |
| Walmart | $109.70 | +2.10% | $855.02B | 38.8 | 36.6 | 1.2 | +5.9% |
| Albertsons Companies | $12.14 | +0.17% | $5.88B | 151.5 | 5.5 | 0.1 | +0.2% |
| AMCON Distributing Company | $67.60 | +0.06% | $64.4M | 47.9 | — | 0.0 | +17.4% |
| The Chefs' Warehouse | $109.32 | −1.25% | $4.52B | 52.7 | 39.2 | 1.0 | +12.9% |
| Median | 39.6 | 16.5 | 0.3 | +5.3% |










