United Natural Foods

United Natural Foods (UNFI) Q4 2025 Earnings

Reported Sep 30, 2025 at 7:01 AM ET · SEC Source

Q4 25 EPS

$-0.11

BEAT +38.31%

Est. $-0.18

Q4 25 Revenue

$7.70B

BEAT +0.76%

Est. $7.64B

vs S&P Since Q4 25

+13.4%

BEATING MARKET

UNFI +25.2% vs S&P +11.8%

Full Year 2025 Results

FY 25 EPS

$0.71

BEAT +11.25%

Est. $0.64

FY 25 Revenue

$31.78B

BEAT +0.20%

Est. $31.72B

Market Reaction

Did UNFI Beat Earnings? Q4 2025 Results

United Natural Foods delivered a better-than-feared fourth quarter for fiscal 2025, posting an adjusted loss of $0.11 per share against a consensus estimate of $0.16, a 31.25% beat, while revenue of $7.70 billion edged past the $7.63 billion Wall Str… Read more United Natural Foods delivered a better-than-feared fourth quarter for fiscal 2025, posting an adjusted loss of $0.11 per share against a consensus estimate of $0.16, a 31.25% beat, while revenue of $7.70 billion edged past the $7.63 billion Wall Street expected despite falling 5.6% year-over-year. The headline numbers masked a quarter shaped by disruption: a cybersecurity incident cost the company $26.00 million in combined gross profit and operating expense impacts, and $59.00 million in restructuring charges, including a $53.00 million hit tied to the termination of a supply agreement with an East region customer, weighed heavily on results. Still, investors focused on the brighter signals beneath the noise, sending shares surging to a 52-week high on a busy trading day for markets. Net debt fell to $1.83 billion, its lowest since 2018, and full-year free cash flow swung to $239.00 million from negative $92.00 million. Looking ahead, management guided fiscal 2026 adjusted EPS of $1.50 to $2.30 and Adjusted EBITDA of $630.00 million to $700.00 million, implying roughly 20% growth at the midpoint.

Key Takeaways

  • Comparable 13-week net sales growth of 1.6% driven by Natural segment growth of 9.1%
  • Free cash flow improvement of $331 million year-over-year for fiscal 2025
  • Net debt reduced to $1.83 billion, lowest level since 2018
  • Net leverage ratio declined 0.7x to 3.3x during fiscal 2025
  • Capital expenditures reduced to $231 million from $345 million in fiscal 2024
  • Lean daily management deployed in 28 distribution centers during fiscal 2025
24/7 Wall St

UNFI YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

UNFI Revenue by Segment

With YoY comparisons, source: SEC Filings

Q3 25 Q3 26

“UNFI delivered a solid fourth quarter as we effectively navigated the cyber incident in collaboration with our customers and suppliers. In fiscal 2025, we continued to enhance our value proposition and delivered above-industry sales growth, while improving our effectiveness and efficiency. This drove higher free cash flow and further strengthened our financial position.”

— Sandy Douglas, Q4 2025 Earnings Press Release