UNITED NATURAL FOODS INC

Listed Company

UNFICIK 0001020859NYSELarge AcceleratedWholesale-Groceries, General LineDelawareFY ends Jul 31

Period

FY 2025

Revenue

$31.78B

Net Income

$-118.00M

Total Assets

$7.59B

Equity

$1.55B

Shares Out

60.75M

Op. Cash Flow

$470.00M

Business

UNITED NATURAL FOODS INC is a leading distributor of grocery and non-food products and a provider of support services to retailers in the United States and Canada. It offers approximately 230,000 products, including national, regional and private label brands across grocery, perishables, frozen, wellness and bulk categories, together with digital and professional services, eCommerce and marketplace solutions and retail store operations. The business is organized into Natural, Conventional and Retail reportable segments, with product-centered Natural and Conventional divisions. UNFI distributes coast-to-coast through a national network of distribution centers to wholesale customers, its own retail stores and digital channels across all U.S. states and Canadian provinces.

Summary from filing dated 2025-10-01

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Net sales	31,784	30,980	30,272	28,928	26,950
Cost of sales	27,562	26,779	26,141	24,746	23,011
Gross profit	4,222	4,201	4,131	4,182	3,939
Operating expenses	4,117	4,100	3,973	3,825	3,593
Restructuring, acquisition and integration related expenses	94	36	8	21	56
Loss on sale of assets and other asset charges	42	57	30	−87	—
Operating (loss) income	−31	8	120	423	294
Net periodic benefit income, excluding service cost	−20	−15	−29	−40	−85
Interest expense, net	146	162	144	155	—
Other income, net	−3	−2	−2	−2	−8
(Loss) income before income taxes	−154	−137	7	310	183
Benefit for income taxes	−39	−27	−23	56	34
Net (loss) income including noncontrolling interests	−115	−110	30	254	155
Less net income attributable to noncontrolling interests	−3	−2	−6	−6	−6
Net (loss) income attributable to United Natural Foods, Inc.	−118	−112	24	248	149
Basic (loss) earnings per share (in dollars per share)	−1.95	−1.89	0.41	4.28	2.65
Diluted (loss) earnings per share (in dollars per share)	−1.95	−1.89	0.4	4.07	2.48
Basic (in shares)	60	59	59	58	56
Diluted (in shares)	60	59	61	61	60

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Cash and cash equivalents	44	40	37	44	41
Accounts receivable, net	1,093	953	889	1,214	1,103
Inventories, net	2,095	2,179	2,292	2,355	2,247
Prepaid expenses and other current assets	191	230	245	184	157
Total current assets	3,423	3,402	3,463	3,797	3,550
Property and equipment, net	1,749	1,820	1,767	1,690	1,784
Operating lease assets	1,474	1,370	1,228	1,176	1,064
Goodwill	19	19	20	20	20
Intangible assets, net	576	649	722	819	891
Deferred income taxes	162	87	32	0	57
Other long-term assets	192	181	162	126	157
Total assets	7,595	7,528	7,394	7,628	7,525
Accounts payable	1,875	1,688	1,781	1,742	1,644
Accrued expenses and other current liabilities	319	288	283	260	341
Accrued compensation and benefits	227	197	143	232	243
Current portion of operating lease liabilities	173	181	180	156	135
Current portion of long-term debt and finance lease liabilities	8	11	18	27	120
Total current liabilities	2,602	2,365	2,405	2,417	2,487
Long-term debt	1,859	2,081	1,956	2,109	2,175
Long-term operating lease liabilities	1,400	1,263	1,099	1,067	962
Long-term finance lease liabilities	11	12	12	23	35
Pension and other postretirement benefit obligations	14	15	16	18	53
Other long-term liabilities	155	151	162	194	299
Total liabilities	6,041	5,887	5,650	5,836	6,011
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value, authorized 5.0 shares; none issued or outstanding	0	0	0	0	0
Common stock, $0.01 par value, authorized 100.0 shares; 63.1 shares issued and 60.6 shares outstanding at August 2, 2025; 62.0 shares issued and 59.5 shares outstanding at August 3, 2024	1	1	1	1	1
Additional paid-in capital	658	635	606	608	599
Treasury stock at cost	−86	−86	−86	−24	−24
Accumulated other comprehensive loss	−42	−47	−28	−20	−39
Retained earnings	1,020	1,138	1,250	1,226	978
Total United Natural Foods, Inc. stockholders equity	1,551	1,641	1,743	1,791	1,515
Noncontrolling interests	3	0	1	1	−1
Total stockholders equity	1,554	1,641	1,744	1,792	1,514
Total liabilities and stockholders equity	7,595	7,528	7,394	7,628	7,525

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Depreciation and amortization	321	319	304	285	285
Share-based compensation	43	39	38	44	45
Gain on sale of assets	−4	−7	−9	−87	−4
Long-lived asset impairment charges	25	43	25	0	—
Net pension and other postretirement benefit income	−20	−15	−29	−40	−85
Deferred income tax benefit	−56	−49	−36	55	—
LIFO (benefit) charge	−2	7	119	158	24
Provision (recoveries) for losses on receivables	3	3	−1	2	−5
Loss on debt extinguishment	4	0	0	—	—
Non-cash interest expense and other adjustments	5	18	13	24	51
Accounts and notes receivable	−142	−68	327	−108	24
Inventories	87	104	−57	−264	14
Prepaid expenses and other assets	276	−157	−108	−155	−37
Accounts payable	200	−81	53	86	15
Accrued expenses and other liabilities	−155	207	−45	75	137
Net cash provided by operating activities	470	253	624	331	614
Payments for capital expenditures	−231	−345	−323	−251	−310
Proceeds from dispositions of assets	30	25	16	230	82
Payments for investments	−17	−22	−32	−28	—
Net cash used in investing activities	−218	−342	−339	−49	−237
Proceeds from borrowings under revolving credit line	3,528	2,571	2,976	4,425	3,676
Proceeds from issuance of other loans	13	15	0	0	—
Repayments of borrowings under revolving credit line	−3,642	−2,270	−3,004	−4,287	−3,731
Repayments of long-term debt and finance leases	−124	−191	−154	−376	−792
Repurchases of common stock	0	0	−62	0	0
Payments of employee restricted stock tax withholdings	−10	−7	−40	−41	−14
Payments for debt issuance costs	−1	−18	0	−6	−13
Distributions to noncontrolling interests	−4	−4	−6	−4	−4
Repayments of other loans	−8	−2	−2	0	−6
Other	0	−2	0	2	−1
Net cash (used in) provided by financing activities	−248	92	−292	−279	−384
EFFECT OF EXCHANGE RATE ON CASH	0	0	0	0	1
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	4	3	−7	3	−6
Cash paid for interest	147	159	133	134	146
Cash payments (refunds) for federal, state and foreign income taxes, net	4	−14	−5	5	−16
Additions of property and equipment included in Accounts payable	7	21	32	45	35

Filings

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