NYSE$UNFI

United Natural Foods Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported first quarter fiscal 2021 results, leveraging strong sales growth into year-over-year expanded adjusted EBITDA margins for the third consecutive quarter.

United Natural Foods, Inc. reported a 6.0% increase in net sales to $6.67 billion for the first quarter of fiscal 2021. The company reported a net loss of $1 million, including $43 million in pre-tax charges and costs, but adjusted EBITDA increased 30.6% to $159 million. Adjusted EPS increased to $0.51.

  • Net Sales increased 6.0% to $6.67 billion
  • Net loss of $1 million, including $43 million in pre-tax charges and costs
  • Adjusted EBITDA increased 30.6% to $159 million
  • Adjusted earnings per share (EPS) increased by $0.47 to $0.51

Headline financials

Total Revenue

$6.67B

Previous: $6.02B+10.8%
EPS (adj)

$0.51

Previous: $0.12+325.0%
Adjusted EBITDA

$159M

Previous: $122M+30.3%
Capital Expenditures

-$41.4M

Previous: -$41.1M-0.6%
Free Cash Flow

-$42.4M

Previous: -$425M+90.0%
Net Income

-$1.04M

Previous: -$384M+99.7%
Operating Income

$49.3M

Previous: -$444M+111.1%
Gross Profit

$966M

Previous: $771M+25.3%
Cash & Equivalents

$49M

Previous: $39.8M+23.4%
Total Assets

$7.78B

Previous: $7.96B-2.3%
Stock-Based Comp

$12M

Previous: $1.25M+862.3%

Revenue & EPS history

UNFI · Revenue · Quarterly

$6.67B

Q1 2021+10.8%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

UNFI · $7.99B total across 3 segments · Q3 2026

  • Natural
    $4.34B
  • Conventional
    $3.14B
  • Retail
    $515M

Forward guidance

The Company is reaffirming its full-year outlook for net sales, adjusted EPS, and adjusted EBITDA and updating its outlook for net income, EPS, and capital expenditures.

Tailwinds

  • Net Sales ($ in billions) $27.0 - $27.8
  • Net Income ($ in millions) $130 - $160
  • Earnings Per Diluted Share (EPS) $2.15 - $2.65
  • Adjusted EPS $3.05 - $3.55
  • Adjusted EBITDA ($ in millions) $690 - $730

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-2.7%

Avg return

Earnings day

-4.7%

Avg return

5 days after

-3.9%

Avg return

30 days after

37%

25 / 68 earnings

Positive

+34.0%

Q4 2021

Best reaction

-34.5%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-9.9%-1.8%
Q2 2026-3.0%+7.3%+22.1%
Q1 2026+4.8%-0.7%-2.0%
Q4 2025+18.8%+27.6%+20.1%
Q3 2025-2.7%-3.5%+23.5%
Q2 2025-4.9%+3.5%-8.1%
Q1 2025+13.8%+15.4%+16.9%
Q4 2024+25.4%+17.5%+20.9%
Q3 2024+28.0%+17.8%+2.2%
Q2 2024-19.6%-19.8%-29.9%
Q1 2024-3.6%-7.9%-6.0%
Q4 2023-22.4%-25.3%-22.8%
Q3 2023-20.6%-23.6%-28.8%
Q2 2023-28.6%-38.4%-36.6%
Q1 2023-15.5%-13.4%-13.9%
Q4 2022-6.3%-10.6%+6.9%
Q3 2022-1.2%-6.8%-12.3%
Q2 2022-9.7%-9.3%+6.7%
Q1 2022+10.2%+3.9%-2.8%
Q4 2021+34.0%+29.4%+12.9%
Q3 2021-14.5%-9.2%-10.7%
Q2 2021+28.6%+20.5%+15.7%
Q1 2021-9.5%-20.5%-11.8%
Q4 2020-8.1%-11.1%-14.6%
Q3 2020-34.5%-26.6%-13.9%
Q2 2020-19.9%+9.0%+47.3%
Q1 2020-26.7%-27.6%-14.1%
Q4 2019-29.1%-35.3%-34.9%
Q3 2019-4.1%+0.6%-8.0%
Q2 2019-9.3%-6.5%-12.4%
Q1 2019-26.8%-34.6%-46.3%
Q4 2018-7.0%-7.3%-19.6%
Q3 2018-15.5%-12.4%-8.8%
Q2 2018+4.9%+4.2%-0.6%
Q1 2018+0.7%+2.6%-9.2%
Q4 2017+7.1%+9.4%+10.7%
Q3 2017-5.3%-2.2%-14.1%
Q2 2017+0.0%-2.4%+0.0%
Q1 2017-4.9%-7.1%-3.4%
Q4 2016-1.1%-7.0%+2.5%
Q3 2016+14.7%+9.7%+22.2%
Q2 2016+12.2%
Q1 2016-14.1%
Q4 2015+0.6%
Q3 2015-4.9%
Q2 2015-6.5%
Q1 2015-1.7%
Q4 2014+1.2%
Q3 2014-8.4%
Q2 2014-0.1%
Q1 2014+1.2%
Q4 2013+15.2%
Q3 2013-1.7%
Q2 2013-4.5%
Q1 2013-0.1%
Q4 2012-3.8%
Q3 2012+3.5%
Q2 2012+2.7%
Q1 2012-2.7%
Q4 2009-1.8%
Q4 2011-1.8%
Q3 2011+1.0%
Q3 2010+1.0%
Q2 2011-1.7%
Q2 2010-1.7%
Q1 2011+1.1%
Q1 2010+1.1%
Q4 2010+1.1%

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