NYSE$UNFI

United Natural Foods Inc · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Reported solid financial results with increased net sales and adjusted EBITDA.

UNFI reported a 4.2% increase in net sales to $7.9 billion and a 14.5% increase in adjusted EBITDA to $134 million in the first quarter of fiscal 2025. The company's performance reflects the early success of its multi-year strategic plan, with positive volume trends from new and existing customers. UNFI is also raising its full-year outlook for all financial metrics other than capital spending.

  • Net sales increased by 4.2% to $7.9 billion.
  • Net loss was $21 million, with a loss per diluted share of $(0.35).
  • Adjusted EBITDA increased by 14.5% to $134 million.
  • Adjusted EPS increased to $0.16.

Headline financials

Total Revenue

$7.87B

Previous: $7.55B+4.2%
EPS

-$0.35

Previous: -$0.04-775.0%
Adjusted EBITDA

$134M

Previous: $117M+14.5%
Operating expenses as % of net sales

12.9%

No prior period
Gross margin rate

13.2%

No prior period
Capital Expenditures

-$49M

Previous: -$74M+33.8%
Free Cash Flow

-$70M

Previous: -$113M+38.1%
Net Income

-$21M

Previous: -$39M+46.2%
Operating Income

$5M

Previous: -$16M+131.3%
Gross Profit

$1.04B

Previous: $1.03B+0.8%
Cash & Equivalents

$37M

Previous: $37M+0.0%
Total Assets

$7.97B

Previous: $7.85B+1.5%
Stock-Based Comp

$7M

Previous: $6M+16.7%

Revenue & EPS history

UNFI · Revenue · Quarterly

$7.87B

Q1 2025+4.2%vs Q1 2024
Beat estimate in 11 of 16 quarters(69%)
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 increasing its full-year outlook for all metrics other than Capital and Cloud implementation expenditures. Net sales are projected to be between $30.6 and $31.0 billion, net loss between $(31) and $(3) million, EPS between $(0.45) and $(0.05), adjusted EPS between $0.40 and $0.80, and adjusted EBITDA between $530 and $580 million. Capital and cloud implementation expenditures are expected to be around $300 million, and free cash flow is expected to be greater than $100 million.

Tailwinds

  • Net sales are projected to be between $30.6 and $31.0 billion.
  • Net loss is projected to be between $(31) and $(3) million.
  • EPS is projected to be between $(0.45) and $(0.05).
  • Adjusted EPS is projected to be between $0.40 and $0.80.
  • Adjusted EBITDA is projected to be between $530 and $580 million.

Headwinds

  • Capital and cloud implementation expenditures are expected to be around $300 million.
  • The outlook is forward-looking and subject to risks outside of management's control.
  • Estimates are based on a number of assumptions and are subject to change.
  • The company is unable to provide a full reconciliation to the most comparable GAAP measure without unreasonable effort due to the difficulty in predicting the amounts for certain adjustment items.
  • The components of capital and cloud implementation expenditures for fiscal 2025 will be primarily dependent on the nature of certain contracts to be executed.

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 2025

Historical avgQ1 2025

-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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