United Natural Foods (UNFI) Q2 2026

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Earnings

United Natural Foods delivered a quarter defined by a deliberate tradeoff in Q2 fiscal 2026, posting adjusted EPS of $0.62 against a consensus estimate of $0.51, a 22.70% beat, even as net sales of $7.95 billion fell 1.99% short of the $8.11 billion … Read more United Natural Foods delivered a quarter defined by a deliberate tradeoff in Q2 fiscal 2026, posting adjusted EPS of $0.62 against a consensus estimate of $0.51, a 22.70% beat, even as net sales of $7.95 billion fell 1.99% short of the $8.11 billion Wall Street expected and declined 2.6% year-over-year. The revenue shortfall was largely by design, as UNFI's network optimization efforts, most notably the exit of its Allentown, Pennsylvania distribution center, weighed nearly 500 basis points on top-line results while simultaneously driving meaningful margin expansion. Adjusted EBITDA climbed 23.4% to $179 million, and GAAP net income swung to $20 million from a prior-year loss of $3 million, reflecting cost discipline that pushed operating expenses down nearly 6%. Free cash flow of $243 million helped the company cut net leverage to 2.7x, its lowest since fiscal 2023. Looking ahead, management raised full-year adjusted EPS guidance to $2.30 to $2.70 and boosted free cash flow expectations to roughly $330 million, while trimming net sales guidance to $31 to $31.4 billion, signaling continued confidence that profitability gains will more than offset the softer revenue trajectory.