United Natural Foods, Inc. (UNFI) reported its financial results for the fiscal year ended August 1, 2026, and announced a new share repurchase program on September 3, 2026. The company reported net sales of $31.2 billion for the full year, a decrease of 2.0% compared to the prior year. Despite the sales decline, the company achieved a significant increase in profitability. Net income for fiscal 2026 was $84 million, compared to a net loss of $118 million in fiscal 2025. Adjusted EBITDA increased by 27.0% to $701 million, and adjusted earnings per share (Adjusted EPS) rose to $2.65.
For the fourth quarter of fiscal 2026, which ended August 1, 2026, net sales were $7.642 billion, a decrease of 0.7% year-over-year. The company reported net income of $35 million for the quarter and Adjusted EPS of $0.69. Free cash flow for the full year was $323 million, and net cash provided by operating activities totaled $540 million. The company’s net leverage ratio as of August 1, 2026, stood at 2.2x.
Regarding its capital structure, UNFI provided guidance for fiscal 2027 (ending July 31, 2027). The company anticipates Adjusted EPS of $3.00 to $3.50 and Adjusted EBITDA of $730 million to $780 million. The midpoint of the Adjusted EBITDA guidance is $25 million higher than the guidance provided at the December 2025 Investor Day.
In other corporate actions, the Board of Directors authorized a new share repurchase program on September 3, 2026, allowing the company to repurchase up to $200 million of its outstanding common stock. This program replaces the previous repurchase program authorized in September 2022. During the fourth quarter of fiscal 2026, the company repurchased 420,502 shares at an average price of $49.94 for an aggregate cost of approximately $21 million.
