Inferra AI / Company / UNFI
United Natural Foods Inc
UNFI · Industrials
Last earnings Sep 8, 2026
Key results
Free cash flowquarter
$331 million
free cash flow up $331 million compared to the prior year Net debt reached lowest level since 2018, decreasing to $1.83 billion.
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
Capital Structure and Financing Overview Free Cash Flow During the fourth quarter of 2025, free cash flow was $86 million, compared to $71 million in the fourth quarter of fiscal 2024.
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
Capexquarter
$74 million
Free cash flow for the fourth quarter of 2025 reflects net cash provided by operating activities of $160 million less payments for capital expenditures of $74 million.
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
Gross marginquarter
$1,030 million
Gross profit 1,030 1,116 4,222 4,201
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
Gross marginfull-year
$4,222 million
Gross profit 1,030 1,116 4,222 4,201
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
AI analysis
Q4 FY2025 · reported Sep 30, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Headline figures
| Metric | Q4 FY2025 | Prior qtr | Year ago |
|---|---|---|---|
| Free cash flow | $331 million | — | — |
| Capex | $74 million | — | — |
| Gross margin | $1,030 million | — | — |
Guidance · company-stated
Direction: Raised
“Net leverage (1) declined 0.7x from the end of the prior fiscal year to 3.3x Lean daily management deployed in 28 distribution centers during fiscal 2025 helping to improve customer and supplier experience and benefiting safety, quality, delivery and cost Fiscal 2026 guidance reflects underlying business momentum and continued strategy execution Midpoint of fiscal 2026 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 UNFI delivered a solid fourth quarter as we effectively navigated the cyber incident in collaboration with our customers and suppliers.”
Classified from the release's primary full-year outlook statement.
Margin
Cash flow & capex
Capital allocation
Interest expense, net for the fourth quarter of fiscal 2025 was $36 million and included $4 million in costs and charges related to a prepayment on the secured term loan, compared to $50 million for the fourth quarter of fiscal 2024, which included $10 million in costs and charges related to the refinancing of the secured term loan.
Event summary
REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2025 RESULTS
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
Company outlook: “Net leverage (1) declined 0.7x from the end of the prior fiscal year to 3.3x Lean daily management deployed in 28 distribution centers during fiscal 2025 helping to improve customer and supplier experience and benefiting safety, quality, delivery and cost Fiscal 2026 guidance reflects underlying business momentum and continued strategy execution Midpoint of fiscal 2026 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 UNFI delivered a solid fourth quarter as we effectively navigated the cyber incident in collaboration with our customers and suppliers.”
Company outlook — Raised (“increase”)
“Net leverage (1) declined 0.7x from the end of the prior fiscal year to 3.3x Lean daily management deployed in 28 distribution centers during fiscal 2025 helping to improve customer and supplier experience and benefiting safety, quality, delivery and cost Fiscal 2026 guidance reflects underlying business momentum and continued strategy execution Midpoint of fiscal 2026 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 UNFI delivered a solid fourth quarter as we effectively navigated the cyber incident in collaboration with our customers and suppliers.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Interest expense, net for the fourth quarter of fiscal 2025 was $36 million and included $4 million in costs and charges related to a prepayment on the secured term loan, compared to $50 million for the fourth quarter of fiscal 2024, which included $10 million in costs and charges related to the refinancing of the secured term loan.
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
The decrease in interest expense, excluding the prepayment and refinancing costs, was primarily driven by lower average outstanding debt balances and the additional week in the prior year quarter.
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
Free cash flow for the fourth quarter of 2025 reflects net cash provided by operating activities of $160 million less payments for capital expenditures of $74 million.
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
Net Leverage Total outstanding debt, net of cash, was $1.83 billion at the end of the fourth quarter of 2025, reflecting a decrease of $230 million during fiscal 2025.
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
The net debt to Adjusted EBITDA leverage ratio was 3.3x as of August 2, 2025.
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
generally accepted accounting principles ( GAAP ) basis, the Company has included in this press release the non-GAAP financial measures Adjusted EBITDA, Adjusted EPS, adjusted effective tax rate, free cash flow, net debt to Adjusted EBITDA leverage ratio and Capital and cloud implementation expenditures.
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
Strategy & priorities
Net leverage (1) declined 0.7x from the end of the prior fiscal year to 3.3x Lean daily management deployed in 28 distribution centers during fiscal 2025 helping to improve customer and supplier experience and benefiting safety, quality, delivery and cost Fiscal 2026 guidance reflects underlying business momentum and continued strategy execution Midpoint of fiscal 2026 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 UNFI delivered a solid fourth quarter as we effectively navigated the cyber incident in collaboration with our customers and suppliers.
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
In fiscal 2026, we re focused on accelerating our momentum by building on UNFI s unique ability to provide innovative products, programs, services and well-scaled supply chain solutions that help our customers and suppliers grow profitably.
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
We re increasingly confident in our strategy and our path forward to generate sustainable long-term growth and shareholder value.
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
com Kristyn Farahmand Chief Strategy Officer 612-439-6625 kristyn.
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
(3) Reflects costs associated with business transformation initiatives, primarily including third-party consulting costs and licensing costs, and third-party professional service fees related to strategic initiatives and the board-led financial review in fiscal 2024, all of which are included within Operating expenses in the Consolidated Statements of Operations.
SEC original ↗United Natural Foods Inc — Earnings release (8-K exhibit)EX-99Sep 30, 2025
Risks & headwinds
Legal Proceedings 43 Item 1A.
SEC original ↗United Natural Foods Inc — 10-Q Quarterly report10-QJun 9, 2026
The Company disaggregates revenue by business division based on product and service offerings and determined that disaggregating revenue at the segment level achieves the disclosure objective to depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.
SEC original ↗United Natural Foods Inc — 10-Q Quarterly report10-QJun 9, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documents- Q2 2026
- 10-KUNFI
Sep 14, 2026
- 8-KUNFI
- 8-KUNFI
- Q1 2026
- 8-KUNFI
Jun 22, 2026
- 8-KUNFI
- 10-QUNFI
- 8-KUNFI
- Q4 2025
- 8-KUNFI
Mar 10, 2026
- 10-QUNFI
Mar 10, 2026
- Q3 2025
- 8-KUNFI
Dec 17, 2025
- 8-KUNFI
Dec 10, 2025
- 8-KUNFI
- 10-QUNFI
- 8-KUNFI
Nov 18, 2025
- 10-KUNFI
- Q2 2025
- 8-KUNFI
Sep 30, 2025
- 8-KUNFI
Sep 18, 2025
- 8-KUNFI
Jul 21, 2025
- 8-KUNFI
Jul 16, 2025
- Q1 2025
- 8-KUNFI
Jun 26, 2025
- 8-KUNFI
Jun 10, 2025
- 8-KUNFI
Jun 10, 2025
- 10-QUNFI
Jun 10, 2025
- 8-KUNFI
- Q4 2024
- 8-KUNFI
Mar 11, 2025
- 10-QUNFI
Mar 11, 2025
- 8-KUNFI
- 8-KUNFI
Jan 22, 2025
- Q3 2024
- 8-KUNFI
Dec 18, 2024
- 10-QUNFI
Dec 10, 2024
Earnings releases
8 documentsPresentations
0 documentsNo presentations for United Natural Foods Inc are held in this edition of the library.
Transcripts
0 documentsNo transcripts for United Natural Foods Inc are held in this edition of the library.
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