United Natural Foods, Inc.

United Natural Foods, Inc.

UNFIยทNYSE

$52.08

-0.11%
Consumer DefensiveFood Distribution

United Natural Foods, Inc., together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. It also provides Woodstock brand imports, roasts, packages, and distributes nuts, dried fruits, seeds, trail mixes, granola, natural and organic snack items, and confections. In addition, the company is involved in importing, roasting, packaging, and distributing nuts, dried fruits, seeds, trail mixes, granola, natural and organic snack items, and confections. Further, it offers Blue Marble Brands products through wholesale segment, third-party distributors, and directly to retailers; and Field Day brand products primarily to customers through its independent channel. Additionally, the company provides general merchandise, home, health and beauty care, and pharmacy products, as well as private label products through a network of 74 Cub Foods and Shoppers retail grocery stores; professional services, such as retail store support, advertising, couponing, e-commerce, consumer convenience services, store design, equipment sourcing, electronic payments processing, network and data hosting solutions, and administrative back-office solutions; and marketing services comprising consumer and trade marketing programs, as well as programs to support suppliers in understanding its markets. The company serves chains, independent retailers, and supernatural chains, as well as foodservice, e-commerce, conventional military business, and other sales customers. United Natural Foods, Inc. was founded in 1976 and is headquartered in Providence, Rhode Island.

At a Glance

Live Snapshot
Market Cap$3.17B
EPS-1.9600
P/E Ratio-26.57
Earnings Date06/09/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -26.6).

Valuation inputs: P/E -26.6, earnings yield N/A, momentum -0.1%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -7.6%, ROIC -0.4%).

Profitability stack: net margin -0.4%, ROE -7.6%, ROIC -0.4%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +79.5%, momentum -0.1%, net margin -0.4%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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United Natural Foods, Inc. Market vs Earnings Trajectory

UNFI ยท NYSE

Loading price and EPS data...

United Natural Foods, Inc.

United Natural Foods, Inc. Fair Value Envelope

UNFI ยท NYSE

Our analysis suggests that UNFI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $52.08, this represents a potential HIDDEN relative to our calculated worth for United Natural Foods, Inc..

Intrinsic Value
Current Price: $52.08
3Y-578.0%
5Y-174.0%
10Y-176.0%
3Y+5.0%
5Y+18.0%
10Y+243.0%
3Y-592.0%
5Y-179.0%
10Y-191.0%
3Y-25.0%
5Y-23.0%
10Y+67.0%
3Y-21.0%
5Y-21.0%
10Y+6.0%
3Y+3.0%
5Y+1.0%
10Y+163.0%
United Natural Foods, Inc.

United Natural Foods, Inc. Profit Bridge

UNFI ยท NYSE
Revenue31.78B
Cost of Goods Sold (27.56B)
Gross Profit4.22B
Operating Expenses (4.25B)
Operating Income-31.00M
Interest Expense (154.00M)
Other Income/Expense-123.00M
Pretax Income-154.00M
Income Tax (-39.00M)
Net Income-118.00M
Net Income
-118.00M

Profitability Analysis

Gross Margin

13.3%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

-0.1%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-0.4%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

13.28%
Gross Profit Margin
3Y-3.0%
5Y-9.0%
10Y-14.0%
-0.10%
Operating Profit Margin
3Y-125.0%
5Y-106.0%
10Y-104.0%
-0.37%
Net Profit Margin
3Y-568.0%
5Y-167.0%
10Y-126.0%
-7.61%
Return on Equity
3Y-653.0%
5Y-177.0%
10Y-198.0%
-1.55%
Return on Assets
3Y-579.0%
5Y-178.0%
10Y-134.0%
-0.45%
Return on Invested Capital
3Y-119.0%
5Y-107.0%
10Y-107.0%
UNFI

United Natural Foods, Inc. Cash Conversion Engine

UNFI ยท NYSE
Net Income-118.00M
Depreciation & Amortization321.00M
Stock-Based Compensation0.00
Change in Working Capital266.00M
Others57.00M
Capital Expenditures-231.00M
Free Cash Flow239.00M

Cash Flow Quality Analysis

FCF Conversion Rate

-202.5%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

49.1%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

-49.1%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$266.00M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

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United Natural Foods, Inc. Funding & Solvency Profile

UNFI ยท NYSE
Cash & Cash Equivalents52.00M
Net Receivables994.00M
Inventory1.99B
Other Current Assets212.00M
Total Current Assets3 B
Property, Plant & Equipment3.07B
Goodwill & Intangible Assets561.00M
Long-Term Investments13.00M
Other Non-Current Assets196.00M
Total Non-Current Assets3 B
Total Assets
7.25B

Financial Health Analysis

Current Ratio

1.33x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

3.67x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

809 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

45% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

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United Natural Foods, Inc. Street Expectations Map

UNFI ยท NYSE

Wall Street analysts project that UNFI stock may decline over the coming 12 months. The consensus 1-year price target stands at 39.67, with estimates ranging from a low of 35.00 to a high of 44.00.

Lowest Target
35.00
-32.80%
Consensus Target
39.67
-23.83%
Highest Target
44.00
-15.51%

The consensus 1-year price target stands at 39.67, with estimates ranging from a low of 35.00 to a high of 44.00.

Analyst Consensus Analysis

Upside Potential

-23.8%

Significant downside risk. Stock trading well above analyst consensus suggests elevated valuation concerns and potential correction.

Analyst Agreement

22.7% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

0.47x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

Consensus overvaluation: Analysts agree the stock is richly valued with limited upside. Consider booking profits or defensive positioning unless you have contrarian conviction in unrecognized catalysts.

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United Natural Foods, Inc. Insider Positioning

UNFI ยท NYSE

During the last 12 months, insiders have purchased $573K and sold $969K worth of UNFI shares, resulting in $396K of net selling activity.

3 Months

Bought

0

0.00

Sold

4.8K

249.96K

Net Activity

-250K

-$250K

3-6 Months

Bought

17.0K

573.00K

Sold

13.7K

468.20K

Net Activity

+105K

+$105K

6-9 Months

Bought

0

0.00

Sold

7.2K

250.80K

Net Activity

-251K

-$251K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
PJC

Pappas James C

Director

17.0K sharesโ€ข2 transactions

$573K

Top Sellers

1
BD

Benedict Danielle

Officer: Chief Human Resources Officer

12.0K sharesโ€ข3 transactions

$501K

2
MLA

Martin Louis Anthony

Officer: President, Conventional & Cco

9.4K sharesโ€ข1 transactions

$327K

3
ERE

Esper Richard Eric

Officer: Chief Accounting Officer

4.3K sharesโ€ข1 transactions

$141K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Slightly bearish with $396K net selling. Selling modestly exceeds buying, which could be routine diversification rather than concern.

Buy/Sell Ratio

0.59:1

Moderately negative ratio. Selling is roughly double the buying, which may be routine or signal caution.

Recent Trend (3 Months)

$250K

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

3 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

No Dividend Yield Data

UNFI has not reported any dividend yield values in the available annual periods.

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unfi Dividend History

UNFI
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%