Feed / UNFI

United Natural Foods, Inc.

UNFI

Consumer Defensive · 44.10 -0.8% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

United Natural Foods, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company-0.8% todayVolume comparison unavailable
Market group0 of 1 activeFood Distribution · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • Watch the retail operating expense rate (bps) movements; the filing reports an ~108 bps increase driven by occupancy costs and deleveraging from lower sales.

Invalidation: The isolated read changes if UNFI's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Consumer Defensive · Food Distribution

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Watch the retail operating expense rate (bps) movements; the filing reports an ~108 bps increase driven by occupancy costs and deleveraging from lower sales.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements172
Verified relationships3
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Capital investment and capacity has repeated adverse evidence across 5 filings.
  • Credit and interest rates has repeated adverse evidence across 5 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 5 filings.
  • Supply chain and availability has repeated adverse evidence across 4 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

44.10
6m+8.2%12m+53.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-07-31$26.9B+1.5%$2.48+11.5%
2022-07-30$28.9B+7.3%$4.07+1.7%
2023-07-29$30.3B+4.6%$0.40-0.5%
2024-08-03$31.0B+2.3%$-1.89-2.3%
2025-08-02$31.8B+2.6%$-1.95+1.5%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitynegative · 5 filings
The decrease in net cash used in investing activities in fiscal 2026 year-to-date compared to fiscal 2025 year-to-date was primarily due to lower payments for capital expenditures.
10-Q · Jun 9, 2026
Credit and interest ratesmixed · 5 filings
38 Table of Contents LIQUIDITY AND CAPITAL RESOURCES Highlights • Total liquidity as of May 2, 2026 was $1,245 million and consisted of the following: ◦ $1,202 million of unused credit under our asset-based revolving credit facility (the “ABL Credit Facility”…
10-Q · Jun 9, 2026
Macroeconomic conditionsmixed · 5 filings
The decrease was driven by a mid-teens decline in unit volumes including the high single digit impact from network optimization actions, largely driven by the transition out of our Allentown, Pennsylvania distribution center completed in the first quarter of…
10-Q · Jun 9, 2026
Restructuring and cost reductionsnegative · 5 filings
The increase was primarily driven by higher closed property charges and costs for fiscal 2026 year-to-date and an adjustment to previously recorded multiemployer pension plan withdrawal liabilities in the first quarter of fiscal 2026, partially offset by a de…
10-Q · Jun 9, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

44.10-0.8% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for UNFI. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for UNFI. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind UNFI

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

MANUManchesterdistributorOct 1, 2025

31 Table of Contents In the first quarter of fiscal 2025, we began operating a new distribution center in Manchester, Pennsylvania, which has approximately 1.3 million square feet, optimizes volume from the other nearby distribution centers in the East region…

Depended on by

SFMSprouts Farmers Market, Inc.supplierFeb 19, 2026

Another 12% of our total purchases in fiscal 2025 and 3% of our total purchases in each of fiscal 2024 and 2023 were made through our secondary supplier, United Natural Foods, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

UNFI is currently a Leader in the organic co-movement group Food Distribution. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for UNFI; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.