United Natural Foods Inc
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +2.05%.
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 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 <a href="https://247wallst.com/investing/2025/09/30/stock-market-live-september-30-sp-500-voo-ascent-pauses-as-investors-await-shutdown/">on a busy trading day</a> 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.
- 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
“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.”
United Natural Foods CEO, on the earnings call
Forward Guidance & Outlook
For fiscal 2026 (52 weeks ending August 1, 2026), UNFI guided net sales of $31.6 billion to $32.0 billion, net income of $0 to $50 million, EPS of $0.00 to $0.80, Adjusted EPS of $1.50 to $2.30, Adjusted EBITDA of $630 million to $700 million, capital and cloud implementation expenditures of approximately $250 million, and free cash flow of approximately $300 million. The midpoint of the Adjusted EBITDA range reflects an increase of about 20% from fiscal 2025 and an average annual growth rate of nearly 15% compared to fiscal 2024 on a 52-week comparable basis. The Adjusted EPS outlook reflects a 25% tax rate.
UNFI YoY Financials
UNFI Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.