NYSE$UNFI
United Natural Foods Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported highest second quarter sales in UNFI’s history, driven by customer demand for winter holiday products and effective navigation of inflation and supply chain challenges.
United Natural Foods, Inc. reported a 7.5% increase in net sales to $7.4 billion for the second quarter of fiscal 2022. Net income increased by 11.9% to $66 million, and EPS increased by 8.0% to $1.08. The company is optimistic about the second half of the fiscal year, driven by their Fuel the Future strategy.
- Net sales increased by 7.5% to $7.4 billion.
- Net income increased by 11.9% to $66 million.
- EPS increased by 8.0% to $1.08.
- Adjusted EPS decreased by 9.6% to $1.13.
Headline financials
Revenue & EPS history
UNFI · Revenue · Quarterly
$7.42B
Revenue by segment
UNFI · $7.99B total across 3 segments · Q3 2026
- Natural$4.34B—54.3%
- Conventional$3.14B—39.2%
- Retail$515M—6.4%
Forward guidance
The company provided an updated full-year outlook for fiscal year 2022, reflecting continued growth in net sales from both existing and new customers, driven by inflation and unit volume growth. The outlook for net income and EPS now includes an estimated $85 million pre-tax gain on sale of assets related to the sale and subsequent leaseback of a distribution center. The outlook for adjusted EPS and adjusted EBITDA is unchanged, reflecting potential ongoing operating environment volatility and our commitment to service our customers regardless of the environment.
Tailwinds
- Net Sales ($ in billions) $28.2 - $28.7
- Net Income ($ in millions) $285 - $306
- EPS $4.60 - $4.90
- Adjusted EPS (2)(3) $3.90 - $4.20
- Adjusted EBITDA(3) ($ in millions) $760 - $790
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 Q2 2022
-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
| Quarter | Report date | Reaction (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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