Filing Flows › United Natural Foods (UNFI) › Q4 FY26 › vs Q3 FY26
United Natural Foods (UNFI) Q4 FY26 vs Q3 FY26 (quarter over quarter)
United Natural Foods's revenue fell $81.0M (-1%) from $7.7B in Q3 FY26 to $7.6B in Q4 FY26. The biggest changes: Natural −$82.0M (-2%); Retail +$13.0M (+3%); Conventional −$12.0M (-0.4%). Gross margin 13.7% against 13.6% (+0.2 pts).
United Natural Foods, Q4 FY26: revenue $7.6B (-0.7% year over year), operating margin 0.9%, net earnings $35.0M, operating cash flow $197M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 13.7% | 13.6% | +0.2 pts |
| Operating margin | 0.9% | 0.9% | +0.0 pts |
| Net margin | 0.5% | 0.4% | +0.0 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Natural | $4.2B | $4.3B | −$82.0M | -2% |
| Conventional | $2.9B | $2.9B | −$12.0M | -0.4% |
| Retail | $528M | $515M | $13.0M | +3% |
| Revenue | $7.6B | $7.7B | −$81.0M | -1% |
| Gross profit | $1.1B | $1.0B | $1.0M | +0.1% |
| Cost of revenue | $6.6B | $6.7B | −$82.0M | -1% |
| Operating profit | $69.0M | $66.0M | $3.0M | +5% |
| Operating expenses | $981M | $983M | −$2.0M | -0.2% |
| Pre-tax earnings | $46.0M | $42.0M | $4.0M | +10% |
| Other expense, net | $23.0M | $24.0M | −$1.0M | -4% |
| Net earnings | $35.0M | $33.0M | $2.0M | +6% |
| Income tax | $11.0M | $9.0M | $2.0M | +22% |
| Depreciation & amortization | $94.0M | $90.0M | $4.0M | +4% |
| Share-based compensation | $16.0M | $18.0M | −$2.0M | -11% |
| Working capital & other | $52.0M | −$43.0M | $95.0M | — |
| Operating cash flow | $197M | $98.0M | $99.0M | +101% |
Questions
How much did United Natural Foods's revenue grow quarter over quarter in Q4 FY26?
United Natural Foods's revenue fell $81.0M (-1%) from $7.7B in Q3 FY26 to $7.6B in Q4 FY26.
What drove United Natural Foods's revenue change in Q4 FY26?
Natural −$82.0M (-2%); Retail +$13.0M (+3%); Conventional −$12.0M (-0.4%).