Filing Flows › United Natural Foods (UNFI) › Q2 FY26
United Natural Foods (UNFI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Mar 10, 2026
United Natural Foods (UNFI) reported revenue of $7.9B for the second quarter fiscal 2026 (Q2 FY26), -3% from a year earlier and +1% from the quarter before. Operating margin was 0.7%, net earnings $20.0M (0.3% of revenue).
United Natural Foods, Q2 FY26: revenue $7.9B (-3% year over year), operating margin 0.7%, net earnings $20.0M, operating cash flow $283M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.9B | +1% | -3% |
| Gross profit | $1.0B | -0.5% | -2% |
| Operating profit | $57.0M | +200% | +111% |
| Net earnings | $20.0M | — | — |
| Operating cash flow | $283M | — | +15% |
| Free cash flow | $243M | — | +26% |
What changed
Revenue was $7.9B in Q2 FY26, down 3% year over year and up 1% from the previous quarter. Natural was the largest line at 54% of revenue. Conventional lost $0.43B year over year (down 12%), 205% of the total change.
Gross margin was 13.2%, unchanged from Q2 FY25. Operating profit was $0.06B, a 0.7% margin (up 0.4 points year over year). Operating expenses fell 5% while revenue fell 3%. Net earnings were $0.02B. The effective tax rate was 13.0%.
Operating cash flow was $0.28B (up 15% year over year), 1415% 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 $0.16B. Capital expenditures of $0.04B left free cash flow of $0.24B.
Questions
What was United Natural Foods' revenue in the second quarter fiscal 2026?
United Natural Foods (UNFI) reported revenue of $7.9B for the second quarter fiscal 2026 (Q2 FY26), -3% from a year earlier and +1% from the quarter before.
Was United Natural Foods profitable in the second quarter fiscal 2026?
Operating profit was $57.0M (0.7% of revenue) and net earnings $20.0M.