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UNFI · NYSE

United Natural Foods, Inc.

Food Distribution · United States

USD 46.821.1% daily changeQuote 2026-09-18 · USD
Market cap (USD)
US$2.82B
Trailing P/E
34.94x
Forward P/E
11.53x
Quarterly revenue growth
-0.7%
Trailing net margin
0.3%
Indicated dividend yield

Snapshot 2026-09-20 · Latest financial period 2026-08-01 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-12-01 (provider estimate, not issuer-confirmed).

Company background

United Natural Foods, Inc., together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional food and non-food products in the United States and Canada. It operates in three segments: Natural, Wholesale, and Retail. The company distributes grocery and general merchandise, perishables, frozen food, wellness and personal care items, bulk and foodservice, home, health and beauty care, pharmacy, pet food, produce, meat, dairy, and organic/non-GMO products under the essential everyday, shoppers value, wild harvest, field day, stone ridge creamery, equaline, culinary circle, super chill, arctic shores seafood company, koyo, and woodstock brands. It also engages in the manufacture of natural and organic snack food; importing, roasting, packaging, and distributing of nuts, dried fruit, seeds, trail mixes, granola, natural and organic snack items, and confections under the Woodstock Farms Manufacturing brand; and operation of grocery and liquor stores under the Cub Foods and Shoppers brands. In addition, the company provides shelf and planogram management, retail store support, pricing strategy, shelf tags, electronic payments and coupon processing, store layout and design, equipment sourcing and procurement, point-of-sale hardware and software, network and data hosting solutions, consumer convenience services, automation tools, sustainability services, and administrative back-office solutions; consumer and trade marketing programs; and programs to support suppliers in understanding its markets. Further, it offers web and digital marketing services, such as websites, digital coupon and loyalty programs, mobile applications, e-commerce, and circular programs; and various supply chain, digital, and professional services. It serves grocery chains and retailers. United Natural Foods, Inc. was founded in 1976 and is headquartered in Providence, Rhode Island.

Company website

Q4 FY2026

Go beyond the headline.

UNFI Stock: Profit Recovered. Why Is the Cash Guide Lower? — Q4 FY2026

Published 2026-09-11

Q4 FY2026 REPORT HIGHLIGHTS

What’s changed for UNFI

United Natural Foods Q4 FY2026: verified profit and cash bridges, FY2027 investment demands, three valuation routes, nine-quarter history and dated signposts.

  1. Profit and next-year cash point in different directions.

    The EBITDA guide rises; the FCF midpoint falls. Capital plus cloud investment rises from $252M to about $300M. The company does not provide a full forward cash bridge, so the spending increase is context, not an exact explanation of every dollar.

  2. The operating improvement survives the cyber adjustment.

    Q4 adjusted EBITDA removes a $3M net cyber benefit this year and adds back $26M of costs last year. The full-year subtraction is $21M. Keep those periods separate.

  3. Sales contraction is not a measured organic decline.

    Management quantifies about 500 basis points of optimization headwind and 150 points of project unwind, with a favorable but unquantified cyber comparison. Those components do not establish underlying volume growth.

  4. Cash is improving, with qualifications.

    Annual operating cash increased, but receivables and inventory released cash, stock compensation was added back, and receivable monetization has an economic cost. None of that makes cash unreal; it changes what can repeat.

  5. Valuation is an assumption set, not a target borrowed from the Street.

    Our $49 uses disclosed guidance, observed debt and an explicit diluted-share assumption. A conditional entry near $39.20 provides a 20% discount to that value; the current price does not.

Comparable businesses

UNFI peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricUNFIUnited Natural Foods, Inc.Snapshot 2026-09-20Financial period: 2026-08-01PFGCPerformance Food Group CompanySnapshot 2026-09-20Financial period: 2026-06-27USFDUS Foods Holding Corp.Snapshot 2026-09-20Financial period: 2026-06-27
Market capMarket value, converted to USDUS$2.82BUS$14.44BUS$20.21B
Forward P/EProvider forward earnings estimate11.53x13.78x16.85x
EV / EBITDAEnterprise value / trailing EBITDA9.23x13.03x14.34x
Revenue growthLatest quarter vs prior-year quarter-0.7%7.3%4.5%
Operating marginLatest reported quarter1.0%2.2%4.2%
Free cash flow yieldTrailing cash flow / market cap15.1%4.9%4.0%
Net debt / EBITDANet debt / trailing EBITDA4.75x4.52x3.00x
Debt / equityTotal debt / positive book equity1.87x1.59x1.26x
Trailing P/ETrailing twelve-month earnings34.94x40.14x28.74x
Price / bookPrice / positive book equity per share1.78x2.93x4.72x
EV / salesEnterprise value / trailing revenue0.19x0.34x0.64x
Earnings growthLatest quarter vs prior-year quarter22.7%29.2%
Gross marginTrailing twelve months13.5%12.6%17.6%
Net marginTrailing twelve months0.3%0.6%1.8%
Return on equityProvider trailing return; positive equity only5.3%7.7%16.4%
Free cash flow marginTrailing free cash flow / revenue1.4%1.1%2.0%
Dividend yieldIndicated annual dividend / price
Earnings payoutProvider trailing dividend payout0.0%0.0%0.0%
Current ratioCurrent assets / current liabilities1.29x1.51x1.14x
BetaProvider historical market sensitivity0.810.880.82

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

Reporting period
Financial history
Chart style
Comparison stocks

Financial statements load separately from the research page.

Market context

Valuation & price history

Adjusted closing price

Price history

Price history loads separately.

Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for UNFI

All available reporting periods
Q4 FY20262026-09-11
Q3 FY20262026-06-09

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.