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United Natural Foods UNFI Natural — Distribution expenses

Other segment segments

Conventional
$217M-11.8%
Retail
$0

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Other financials

Income statement

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Revenue$7.7B-4.2%
Gross profit$1.0B-3.0%
Operating income$66.0M+340%
Net income$33.0M+571%
EPS (diluted)$0.52+533%

Balance sheet

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Cash & equivalents$43.0M-17.3%
Total debt$3.2B-11.9%
Total equity$1.6B-1.7%
Total assets$7.2B-5.6%

Cash flow

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Operating cash flow$98.0M-43.4%
CapEx$44.0M-18.5%
Free cash flow$54.0M-54.6%

Valuation

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Market cap$2.9B+73.9%
Enterprise value$6.01B+18.3%
P/S0.1×0.0×

Profitability

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Gross margin13.4%0.0pp
Operating margin0.2%+0.1pp
Net margin-0.1%0.0pp
FCF margin1.1%

Returns & leverage

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Return on equity-2.4%-0.7pp
Debt / equity-0.2×
Current ratio1.3×-0.1×

Where this comes from

Reported directly by United Natural Foods in its filing.

Tagged under the XBRL concept us-gaap:ProductionAndDistributionCosts.

The source filing: United Natural Foods’s 10-Q, filed June 9, 2026.

Filed
Jun 9, 2026, 4:35 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001020859-26-000015
(in millions)NaturalConventionalRetailTotal
Net sales$7,723
Less:
Cost of sales(1)3,7692,778389
Distribution expenses(1)328217
Other(2)9977135
Segment Adjusted EBITDA14664(9)$201
Adjustments:
Elimination of intersegment profit2

Item 1. Financial Statements

FAQ

What is United Natural Foods's natural — distribution expenses?
United Natural Foods (UNFI) reported natural — distribution expenses of $328M in Q1 2026.
How has United Natural Foods's natural — distribution expenses changed year-over-year?
United Natural Foods's natural — distribution expenses increased by 3.1% year-over-year, from $318M to $328M.
What is the long-term trend for United Natural Foods's natural — distribution expenses?
Over 2 years (2023 to 2025), United Natural Foods's natural — distribution expenses has grown at a 1.9% compound annual growth rate (CAGR), from $1.22B to $1.26B.
What does natural — distribution expenses mean?
Operating costs incurred to store, handle, and transport products from distribution centers to retail customers within the Natural segment. This includes warehousing, labor, and logistics costs, which are critical for assessing the operational efficiency of the distribution network.

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