United Natural Foods, Inc. Reports First Quarter Fiscal 2026 Results; Sandy Douglas Comments

PROVIDENCE, RI - United Natural Foods, Inc. reported financial results for the first quarter of fiscal 2026 (13 weeks) ended November 1, 2025.

First Quarter Fiscal 2026 Performance (comparisons to first quarter fiscal 2025)

• Net sales decreased 0.4% to $7.8 billion
• Net loss of $4 million; Loss per diluted share (EPS) of $0.06
• Adjusted EBITDA increased 24.6% to $167 million
• Adjusted EPS increased to $0.56
• Net cash used in operating activities of $38 million; Free cash flow used of $54 million

Recent Financial and Operational Summary

• Methodically deploying supply chain solutions and lean to drive continuing customer service improvements; lean daily management now implemented in 34 distribution centers
• Adjusted EBITDA growth of 24.6% and $105 million improvement in free cash flow driven by continued focus on effectiveness and efficiency initiatives, including the incremental benefits of lean daily management
• Net leverage ratio declined sequentially to 3.2x, lowest since fiscal 2023; remain on track to achieve net leverage target of 2.5x or less by end of fiscal year

Affirms fiscal 2026 outlook

“We started fiscal 2026 with another quarter of solid execution and continued progress in delivering more value to our customers and suppliers as we strengthen effectiveness and efficiency. Our network optimization is proceeding ahead of schedule, and the benefits of recent supply chain investments, coupled with process improvements, is enabling us to strengthen service levels and increase throughput. This helped us deliver Adjusted EBITDA growth of nearly 25%, free cash flow meaningfully above last year and a sequential net leverage decline,” said Sandy Douglas, UNFI’s CEO, in the recent release.

Douglas continued, “As we move further into fiscal 2026, our focus remains on continuing to improve service levels while building tailored solutions and enhanced capabilities to help our customers and suppliers execute their unique growth strategies.”

See the full release here.