Q3 26 EPS
$0.77
MISS 0.19%
Est. $0.77
Q3 26 Revenue
$7.72B
MISS 1.03%
Est. $7.80B
vs S&P Since Q3 26
-11.9%
TRAILING MARKET
UNFI -10.8% vs S&P +1.0%
Market Reaction
Did UNFI Beat Earnings? Q3 2026 Results
United Natural Foods posted a narrow miss on both top and bottom lines in its fiscal third quarter of 2026, with adjusted EPS of $0.77 falling short of the $0.77 consensus by just 0.19% and revenue of $7.72 billion coming in 1.03% below the $7.80 bil… Read more United Natural Foods posted a narrow miss on both top and bottom lines in its fiscal third quarter of 2026, with adjusted EPS of $0.77 falling short of the $0.77 consensus by just 0.19% and revenue of $7.72 billion coming in 1.03% below the $7.80 billion estimate, even as the wholesale grocer extended its streak of consensus EPS beats to four consecutive quarters. The 4.2% year-over-year revenue decline was largely intentional, with management attributing roughly 450 basis points of the drop to deliberate network optimization, including the completed exit of its Allentown, Pennsylvania distribution center and the unwinding of low-margin project work in its Natural segment. Beneath the softer top line, profitability improved materially, with Adjusted EBITDA climbing 16.6% to $183.00 million and GAAP net income swinging to $33.00 million from a loss of $7.00 million a year ago. Looking ahead, UNFI narrowed its full-year guidance to net sales of $31.10 to $31.30 billion and Adjusted EPS of $2.40 to $2.60, maintaining midpoints while signaling continued confidence in its margin-focused transformation.
Key Takeaways
- • Network optimization actions contributed approximately 450 basis points to sales decline but improved profitability
- • Gross profit rate improved to 13.6% from 13.4% driven by network optimization and customer mix
- • Operating expenses reduced by nearly 7% with operating expense rate improved by nearly 40 basis points
- • Insurance proceeds of $20 million from cybersecurity incident recovered in the quarter
- • Lower interest expense driven by lower average outstanding debt balances
- • Adjusted EBITDA increased 16.6% to $183 million
UNFI Forward Guidance & Outlook
UNFI narrowed its full-year fiscal 2026 guidance ranges while maintaining midpoints. Updated outlook: Net sales of $31.1–$31.3 billion (prior $31.0–$31.4 billion); Net income of $55–$70 million (prior $50–$75 million); EPS of $0.90–$1.10 (prior $0.80–$1.20); Adjusted EPS of $2.40–$2.60 (prior $2.30–$2.70); Adjusted EBITDA of $685–$705 million (prior $680–$710 million); Capital and cloud implementation expenditures of ~$250 million; Free cash flow of ~$330 million. The outlook does not include any incremental impact from insurance proceeds.
UNFI YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
UNFI Revenue by Segment
With YoY comparisons, source: SEC Filings
“Through disciplined execution of our value creation strategy, we delivered underlying sales growth, higher profitability, and strong free cash flow, which strengthened our balance sheet and increased our financial flexibility. At the same time, we advanced capabilities to help our customers and suppliers grow profitably, while continuing to invest in next generation supply chain solutions that are steadily improving our effectiveness and efficiency.”
— Sandy Douglas, Q3 2026 Earnings Press Release
UNFI Earnings Trends
UNFI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
UNFI EPS Trend
Earnings per share: estimate vs actual
UNFI Revenue Trend
Quarterly revenue: estimate vs actual
UNFI Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 MISS | $0.77 | $0.77 | -0.19% | $7.72B | -1.03% |
| Q2 26 BEAT | $0.51 | $0.62 | +22.70% | $7.95B | -1.99% |
| Q1 26 BEAT | $0.40 | $0.56 | +40.32% | $7.84B | -0.86% |
| Q4 25 BEAT FY | $-0.18 | $-0.11 | +38.31% | $7.70B | +0.76% |
| FY Full Year | $0.64 | $0.71 | +11.25% | $31.78B | +0.20% |
| Q3 25 BEAT | $0.22 | $0.44 | +104.56% | $8.06B | +3.45% |