NYSE$UNFI

United Natural Foods Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported a decrease in net sales but an increase in adjusted EBITDA and adjusted EPS.

United Natural Foods, Inc. reported mixed results for Q4 2021. Net sales decreased slightly, but adjusted EBITDA and adjusted EPS increased. The company is optimistic about Fiscal Year 2022, providing a positive outlook.

  • Net sales decreased by 0.5% to $6.7 billion.
  • Net income decreased by 18.9% to $43 million.
  • Adjusted EBITDA increased by 1.5% to $201 million.
  • Adjusted EPS increased by 11.3% to $1.18.

Headline financials

Total Revenue

$6.74B

Previous: $6.76B-0.3%
EPS (adj)

$1.18

Previous: $1.06+11.3%
Capital Expenditures

$145M

Previous: $54.3M+166.1%
Free Cash Flow

$133M

Previous: $284M-53.2%
Net Income

$43M

Previous: $52M-17.3%
Operating Income

$45M

Previous: $79M-43.0%
Gross Profit

$1B

Previous: $1B+0.4%
Cash & Equivalents

$41M

Previous: $47M-12.8%
Total Assets

$7.53B

Previous: $7.59B-0.8%
Stock-Based Comp

$12.2M

Previous: $9.56M+27.2%

Revenue & EPS history

UNFI · Revenue · Quarterly

$6.74B

Q4 2021-0.3%vs Q4 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 provided the following outlook for fiscal year ending July 30, 2022: Net Sales ($ in billions) $27.8 - $28.3, Net Income ($ in millions) $221 - $243, EPS $3.60 - $3.90, Adjusted EPS $3.90 - $4.20, Adjusted EBITDA ($ in millions) $760 - $790, Capital Expenditures ($ in millions) ~$300.

Tailwinds

  • Net Sales ($ in billions) $27.8 - $28.3
  • Net Income ($ in millions) $221 - $243
  • EPS $3.60 - $3.90
  • Adjusted EPS $3.90 - $4.20
  • Adjusted EBITDA ($ 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 Q4 2021

Historical avgQ4 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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