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United Natural Foods (UNFI) earnings and revenue breakdown

Latest: Q4 FY26 · 10-K filed Sep 14, 2026 · United Natural Foods (UNFI) Q4 FY26 earnings results →

Q4 FY26 Revenue down 1% year over year to $7.6B · 0¢ of every $1 of revenue kept as net profit · operating margin 0.9%

United Natural Foods made $7.6B in Q4 FY26 (-0.7% Y/Y): Natural $4.2B, Conventional $2.9B, Retail $528M. Operating margin 0.9%, net earnings $35.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-K filed Sep 14, 2026.

Revenue$7.6B
Year over year-0.7%
Operating margin0.9%
Net earnings$35.0M
Operating cash flow$197M

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United Natural Foods Q4 FY26 revenue breakdown: Sankey diagram of revenue (Natural, Conventional, Retail), costs, profit and cash flow
United Natural Foods Q4 FY26 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $7.6B in Q4 FY26, down 1% year over year and down 1% from the previous quarter. Natural was the largest line at 56% of revenue.

Gross margin was 13.7%, up 0.4 points from Q4 FY25. Operating profit was $0.07B, a 0.9% margin (up 1.9 points year over year). Operating expenses fell 11% while revenue fell 1%. Net earnings were $0.04B. The effective tax rate was 23.9%.

Operating cash flow was $0.20B (up 23% year over year), 563% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.05B. After payments for capital expenditures ($0.12B), free cash flow as the company reports it was $0.08B.

Quarterly history

United Natural Foods revenue by quarterUnited Natural Foods revenue by quarter$8.2BQ2 FY25$8.1BQ3 FY25$7.7BQ4 FY25$7.8BQ1 FY26$7.9BQ2 FY26$7.7BQ3 FY26$7.6BQ4 FY26
United Natural Foods net earnings by quarterUnited Natural Foods net earnings by quarter−$2.0MQ2 FY25−$7.0MQ3 FY25−$86.0MQ4 FY25−$4.0MQ1 FY26$20.0MQ2 FY26$33.0MQ3 FY26$35.0MQ4 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q4 FY2610-KSep 14, 2026$7.6B-0.7%0.9%$35.0M$197M
Q3 FY2610-QJun 9, 2026$7.7B-4%0.9%$33.0M$98.0M
Q2 FY2610-QMar 10, 2026$7.9B-3%0.7%$20.0M$283M
Q1 FY2610-QDec 2, 2025$7.8B-0.4%0.2%−$4.0M−$38.0M
Q4 FY2510-KOct 1, 2025$7.7B-6%-1.0%−$86.0M$160M
Q3 FY2510-QJun 10, 2025$8.1B+8%0.2%−$7.0M$173M
Q2 FY2510-QMar 11, 2025$8.2B+5%0.3%−$2.0M$247M

Charts

United Natural Foods: revenue growth, year over year and quarter over quarterUnited Natural Foods: revenue growth, year over year and quarter over quarterY/YQ/Q+5%Q2 FY25+8%-1%Q3 FY25-6%-5%Q4 FY250%+2%Q1 FY26-3%+1%Q2 FY26-4%-3%Q3 FY26-1%-1%Q4 FY26
Latest (Q4 FY26): Y/Y -1%, Q/Q -1%.
United Natural Foods: where the cash came from (+) and went (−), FY26United Natural Foods: where the cash came from (+) and went (−), FY26Operating cash flow$540MNet borrowing (+) / repaid (−)−$307MCapital spending−$217MAsset & business sales$56.0MBuybacks−$50.0MOther financing−$18.0MOther investing−$8.0MCash drawn (+) / kept (−)$7.0MPartners−$2.0MExchange rates−$1.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
United Natural Foods: profit against cash, quarter by quarterUnited Natural Foods: profit against cash, quarter by quarterNet incomeOperating cash flow−$20.0M−$110MQ1 FY25−$2.0M$247MQ2 FY25−$7.0M$173MQ3 FY25−$86.0M$160MQ4 FY25−$4.0M−$38.0MQ1 FY26$20.0M$283MQ2 FY26$33.0M$98.0MQ3 FY26$35.0M$197MQ4 FY26
Latest (Q4 FY26): Net income $35.0M, Operating cash flow $197M.
United Natural Foods: diluted shares by fiscal yearUnited Natural Foods: diluted shares by fiscal year60MFY2161MFY2261MFY2359MFY2460MFY2563MFY26
+4.7% since FY21: more shares outstanding (issuance, stock pay).
United Natural Foods: long-term debt falling due (FY26)United Natural Foods: long-term debt falling due (FY26)$4.0M2027$4.0M2028$354M2029$4.0M2030$1.2B2031
Cash $37.0M, short-term investments —, long-term debt $1.6B at 2026-08-01.
United Natural Foods in its industry: growth against margin (6 companies, SIC 5141)United Natural Foods in its industry: growth against margin (6 companies, SIC 5141)revenue growth, year over year →↑ operating marginmedian +11%median 2%PFGCCHEFDITIVFHMWYNUNFI (-1%, 1%)
Wholesale-Groceries, General Line; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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Customers and suppliers named in filings

Sells to

About United Natural Foods

In this Annual Report on Form 10-K (“Annual Report” or “Report”), unless otherwise specified, references to “United Natural Foods,” “UNFI,” “we,” “us,” “our” or the “Company” mean United Natural Foods, Inc. together with its consolidated subsidiaries. We are a Delaware corporation based in Providence, Rhode Island. We conduct our business through various subsidiaries. Since the formation of our predecessor in 1976, we have grown our business both organically and through acquisitions, which have expanded our distribution network, product selection and customer base.

In its own words, from its 10-K, filed Sep 14, 2026.

United Natural Foods against its Wholesale-Groceries, General Line peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -0.7% against the peers' median +11%. Operating margin: 0.9% against the peers' median 1.5%.

CompanyQuarterRevenueY/YOp. margin
UNFI United Natural FoodsQ4 FY26$7.6B-0.7%0.9%
PFGC Performance Food GroupQ1 FY27$18.0B+6%1.5%
CHEF Chefs' WarehouseQ3 2026$1.1B+11%4.5%
DIT Amcon DistributingQ3 FY26$835M+13%0.7%
IVFH Innovative Food HoldingsQ2 2026$13.1M-22%3.0%
MWYN Marwynn HoldingsQ1 FY27$1.1M26×-7.7%

Source: United Natural Foods 10-K on SEC EDGAR · CIK 1020859 · Wholesale-Groceries, General Line

Guidance and outlook

United Natural Foods: what its forward-looking statements are about (10-K filed 2026-09-14)United Natural Foods: what its forward-looking statements are about (10-K filed 2026-09-14)Other13Demand5Financing4Costs3The economy2Supply chain2Products1Buybacks & dividends1Legal & regulation1
32 statements; tone +0.25 (−1 all cautious, +1 all confident); 6 hedged.
United Natural Foods: outlook statements against the filing beforeUnited Natural Foods: outlook statements against the filing beforeNew15Updated4Dropped1Confident10Cautious2

13F: who owns UNFI and who is buying

Largest holders of UNFI (13F)Largest holders of UNFI (13F)BlackRock$478MVanguard Group$242MVanguard Portfolio Management LLC$204MAmerican Century Companies$177MDimensional Fund Advisors LP$161MVanguard Capital Management LLC$118MState Street$112MGeode Capital Management, LLC$80.0MSG Americas Securities, LLC$74.5MWellington Management Group LLP$70.5M
Funds' net buying of UNFI by quarter (13F)Funds' net buying of UNFI by quarter (13F)−$17.3M2024-09−$29.5M2024-12−$3.9M2025-03$80.5M2025-06−$72.7M2025-09$11.4M2025-12$37.9M2026-03−$14.8M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on UNFI

History

Every quarter: Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results

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中文版：United Natural Foods（UNFI）财报

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