NYSE$UNFI
United Natural Foods Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported a decrease in net sales, a net loss, and a decrease in adjusted EBITDA and adjusted EPS compared to the same quarter last year.
UNFI's second quarter results reflect a focus on execution and profitability improvement, with benefits from near-term value creation initiatives and shrink management partially offsetting procurement gains reduction and distribution center start-up costs. Net sales decreased slightly, and the company experienced a net loss, alongside declines in adjusted EBITDA and EPS.
- Net sales decreased 0.5% to $7.8 billion.
- Net loss was $15 million, with a loss per diluted share (EPS) of $(0.25).
- Adjusted EBITDA decreased 29.3% to $128 million.
- Adjusted EPS decreased to $0.07.
Headline financials
Revenue & EPS history
UNFI · Revenue · Quarterly
$7.78B
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 is updating its full-year outlook to reduce net sales expectations, while maintaining the midpoints and narrowing the ranges for net income, EPS, adjusted EPS, and adjusted EBITDA.
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 2024
-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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